Examlex

Solved

The Block Furniture Store Granted Credit to Many Customers for the Purchase

question 12

Multiple Choice

The Block furniture store granted credit to many customers for the purchase of furniture and appliances. It had separate categories for furniture credit and appliance credit. It statutorily assigned its furniture credit to Prestige Financing Inc. and its appliance credit to Gold Stream Financing Ltd. Karim purchased a bed for $700 and a stove for $700 from The Block and received financing for both purchases on the same contract. When The Block's contracts were assigned, Karim's was assigned to both assignees. On Monday he received a notice of assignment from Prestige Financing Inc. and on Tuesday from Gold Stream Financing Ltd. To whom should Karim make his next payment?


Definitions:

Startup Option

Settings that determine the behavior of an application upon launch, such as which forms to display or whether to show a splash screen.

Custom Title

A user-defined or personalized title for documents, reports, or software windows, allowing for easier identification or branding.

Application Title

The name given to an application or software program, often displayed in the title bar of its window or on its title screen.

Access Database

A software tool from Microsoft that allows users to create, manage, and query relational databases using a graphical user interface and SQL.

Related Questions