Should a Business Fail After Receiving Shipping Documents from Its

question 66

Multiple Choice

Should a business fail after receiving shipping documents from its bank on the basis of a trust receipt, the bank

• A) becomes a preferred creditor to the extent of the amount due less cash deposits with the bank.
• B) repossesses the merchandise on the basis of a specific lien thereon.
• C) repossesses the merchandise on the basis of its holding of title to the merchandise.
• D) has a prior claim relative to other general creditors.

Understanding the basics of prejudice development through conditioning and social learning.

Understand the impact of attitudes on judgments and behaviors towards others and events.

Grasp the concept of emotional intelligence and its importance in managing behaviors and relationships.

Recognize learned tendencies to respond positively or negatively to various stimuli as attitudes.

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Definitions:

Cost-Benefit Analysis

An economic school of jurisprudence in which all costs and benefits of a law are given monetary values. Laws with the highest ratios of benefits to costs are then preferable to those with lower ratios.

Legal Change

An alteration in the existing law or the creation of new laws, potentially affecting various aspects of society and individual rights.

Efficiency

The ability to accomplish a job with a minimum expenditure of time and effort.

Civil Action

A lawsuit in which an individual or entity seeks redress for wrongs done, typically involving private disputes between individuals or organizations.