Brad Leaves a Laptop at Computer Sales & Repair (CSR)

question 71

Multiple Choice

Brad leaves a laptop at Computer Sales & Repair (CSR) to have the battery replaced. CSR sells the laptopto Doris, who does not know that it belongs to Brad. Brad can recover from

• A)no one.
• B)CSR.
• C)Doris.
• D)Apple, Inc., the maker of the laptop.

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Definitions:

Trading Securities

Securities that management intends to actively trade for profit.

Trading Securities

Financial assets such as stocks or bonds, purchased with the intention of selling them in the short term to profit from price fluctuations.

Face Value

The nominal or original cost of a bond, share, or financial instrument as stated by the issuer.

Amortized

The process of gradually writing off the initial cost of an asset or paying down a debt over a period of time through regular payments.