ImaBigBank Has Extended an Operating Line of Credit to Vandenbergers

question 31

Multiple Choice

ImaBigBank has extended an operating line of credit to Vandenbergers Bulbs Ltd.In exchange,Vandenbergers had to provide an assignment of the corporation's accounts receivable from its seasonal city garden contracts.Which of the following would a business law professor most likely say with respect to the bank's position?

• A) It acquired ownership of the right to collect the assigned accounts.
• B) It alone possesses the right to collect Vandenbergers' accounts.
• C) It is using a very uneconomical method of protecting creditor rights to pledged property.
• D) It acquired possession of an assignment without obtaining right of ownership.

Recognize the terminology related to the reproductive systems of both males and females.

Distinguish between structures specific to male or female reproductive systems.

Understand the external genitalia and its components in both male and female reproductive systems.

Understand the use and management of QuickBooks Online (QBO) customer and sales lists.

---

Definitions:

Competition Act

Legislation designed to prevent anti-competitive practices in the marketplace, promoting fair competition for the benefit of consumers.

Competition Tribunal

A specialized legal body or court responsible for adjudicating issues related to competition law and antitrust policies.

Rectification Order

A court order to correct or rectify a mistake within a document to reflect accurately what was originally intended.

Competition Commissioner

An official or an authority responsible for enforcing antitrust laws and promoting fair competition among businesses.