Carol's Mother Died and Carol Inherited a Lot of Large

question 70

Multiple Choice

Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it. She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of

• A)a financing lease
• B)a consignment
• C)an assignment
• D)a conditional sales contract
• E)a receivership

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Definitions:

Supreme Court

The highest judicial court in a country or state, which has the ultimate authority to adjudicate in legal disputes and interpret the constitution.

Saum Song Bo

An advocate for Chinese-American rights and anti-imperialism in the late 19th and early 20th centuries.

Statue of Liberty

A colossal neoclassical sculpture on Liberty Island in New York Harbor, symbolizing freedom and democracy, and gifted by France to the United States.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.