If a Supplier Wants to Be Able to Repossess Goods

question 66

Multiple Choice

If a supplier wants to be able to repossess goods if they are not paid for them they should

• A)register a floating charge
• B)register a conditional sales contract
• C)register a PMSI
• D)have the purchaser sign a personal guarantee
• E)have the purchaser do an assignment of goods

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Definitions:

Electrical Signals

The transmission of information through a biological organism or artificial device using changes in electrical potential.

Associated Tissues

Tissues that are connected in function or location, often used in biological contexts to describe how different types of tissues work together in organs or systems.

Dense Connective Tissue

A type of tissue that may be irregular, as in the dermis of the skin, or regular, as in tendons.

Collagen Fibers

Strong, flexible protein fibers that form the supportive framework of connective tissues in the body, including skin, bone, and cartilage.