Microchip Computers Is a Retailer,which Buys Its Inventory from Acme

question 4

Multiple Choice

Microchip Computers is a retailer,which buys its inventory from Acme Co.on credit,giving Acme a security interest in the inventory.Hubert buys a computer from Microchip in the normal course of business.Hubert's title in the computer is:

• A)a good title.
• B)a voidable title.
• C)Hubert has no title in the computer.Title does not pass to Microchip and therefore to Hubert until Microchip pays its debt in full to Acme.
• D)Hubert has good title that is subject to Acme's security interest.

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Definitions:

Resource Endowments

The natural resources, labor force, and capital that a country possesses, which can affect its economic development.

Crude Oil

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Valuable gemstones that are often used in jewelry and have significant industrial applications due to their hardness.

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Cost advantages that enterprises gain due to an increase in size or output, resulting in lower costs per unit.