Elin Owes Floyd $10,000

question 48

Multiple Choice

Elin owes Floyd $10,000. Floyd assigns the claim to Gary. Gary does not notify Elin of the assignment. A week later, Floyd assigns the same claim to Holly. Holly immediately notifies Elin of the assignment. Holly has

• A) priority to payment in all states .
• B) priority to payment in states that follow the English rule.
• C) no priority to payment.
• D) priority to payment in most states.

Understand the significance and process of devising theories, collecting data, and analyzing these data in economics.

Recognize that economic models can be composed of diagrams and equations.

Understand the key artistic movements and styles in Europe during the Renaissance and Baroque periods.

Recognize the contributions of major artists like Rubens, Vermeer, Rembrandt, and Hals to European art history.

---

Definitions:

Legal Capital

The minimum amount of capital that a company must maintain as required by law, often to protect creditors.

Dividend Rate

The total dividends declared by a company over a period, usually a year, divided by the number of outstanding shares.

Preferred Shares

A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends.

Participating

In finance, it often refers to securities or investments that have the potential to share in additional earnings or payouts beyond a predetermined amount.