Examlex

Solved

B Is Known in the Trade as a Trader and Merchant

question 22

Multiple Choice

B is known in the trade as a trader and merchant of soybeans.A entrusts a load of soybeans to B for storage in B's warehouse.Secretly,B delivers the goods to an ocean carrier in return for a bill of lading.B then sells the document covering a shipment of soybeans to C,who has purchased soybeans from B in the past.C pays for the document through its bank.B absconds with the money.In this case:


Definitions:

Management Accountants

Professionals specializing in accounting who analyze financial information to guide future corporate decisions.

CPA Australia

CPA Australia is a professional accounting body in Australia that provides education, training, technical support, and advocacy for its members.

Certified Institute

An organization that has been formally recognized to hold authority or expertise in a particular field or profession.

Strategy

A plan of action or policy designed to achieve a major or overall goal, typically involving resource allocation.

Related Questions