John Sells an Android Smartphone to Betty,who Then Sells It

question 25

Multiple Choice

John sells an Android smartphone to Betty,who then sells it to Gerard.If the apparent contract between John and Betty is void,who has the strongest legal right to the smartphone?

• A)Gerard.
• B)Betty.
• C)John.
• D)There is no clear legal owner.The matter will have to go to mediation.

---

Definitions:

Vouchers Payable

An accounting term referring to an obligation or liability of a company to pay a debt evidenced by a voucher.

Control Features

Mechanisms, policies, or procedures implemented to safeguard assets, ensure accurate and reliable financial data, and promote operational efficiency.

Voucher System

An internal control method in accounting where vouchers are prepared before payments are processed to ensure transactions are authorized and recorded properly.

Check Register

A record of transactions in a checking account, tracking all checks written, deposits made, and current balance.