Which of the Following Is True Regarding Identification of the Goods

question 48

Multiple Choice

Which of the following is true regarding identification of the goods under Article 2?

• A) Identification of existing goods gives the buyer a special property right.
• B) Identification of fungible goods occurs when the seller separates the contracted units from the whole.
• C) Only the buyer can identify the goods.
• D) All of these are correct.

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Definitions:

Equity Method

An accounting method used to record investments in which the investor has significant influence but not full control.

Total Dividends

The total sum of money paid to shareholders out of a company's earnings.

Equity Method

An accounting technique used to record an investment in another company, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the investee's profit or loss.

Common Shares

Equity securities that represent ownership in a corporation, providing rights to dividends and the ability to vote at shareholder meetings.