Which of the Following Is Necessary to Be Considered a Good

question 37

Multiple Choice

Which of the following is necessary to be considered a good faith purchaser?

• A) The purchaser must act honestly.
• B) The purchaser must give value for the item.
• C) The purchaser must take the goods without notice or knowledge of any defect in the title of the transferor.
• D) All of these are necessary.

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Definitions:

Merit Pay

A pay increase given to employees based on their performance, as a reward for achieving specific goals or outstanding work.

Lump Sums

A one-time payment for a sum of money, rather than a series of payments over time.

Raises

An increase in salary or wages, typically awarded to an employee based on performance, market adjustments, or as part of a promotion.

Merit Pay

A compensation strategy that rewards employees based on their performance and achievements, rather than on seniority or hours worked.