Which of the Following Remedies Can Only Ever Be Used

question 21

Multiple Choice

Which of the following remedies can only ever be used if the buyer is insolvent or bankrupt?

• A) an action for the price, stoppage in transit, and repossession
• B) stoppage in transit and repossession
• C) a lien, stoppage in transit, and repossession
• D) an action for the price and a lien
• E) damages, a lien, and repossession

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Definitions:

Standard Deviation

A numerical index representing the variation or spread in a collection of data points or financial returns.

Sharpe Ratio

A measure used to evaluate the risk-adjusted return of an investment portfolio, calculated by subtracting the risk-free rate of return from the portfolio's return and dividing by the portfolio's standard deviation of returns.

Risk-free Rate

The theoretical rate of return of an investment with zero risk, often represented by Treasury bills.

Borrowing Rate

The interest rate or cost that a borrower pays to secure funds from a lender.