In August, Shazad Borrowed $20 000 from the Bank of Nova

question 40

Multiple Choice

In August, Shazad borrowed $20 000 from the Bank of Nova Scotia in order to finance his pool cleaning business.The bank and Shazad entered into a general security agreement under which the bank took a security interest in all of the present and future assets of Shazad.Jacqueline is a car mechanic who did some repairs in September on a truck that Shazad uses to carry on his business.The truck is still in her shop in Hamilton, Ontario.Shazad has not paid Jacqueline the $2000 bill she gave him in September for repairs to the truck, and he is in default under his loan agreement with the bank.Which of the following is TRUE?

• A)The bank is entitled to the truck because its security interest was created before any interest that Jacqueline has in the truck.
• B)The bank is not entitled to the truck because it has not filed a financing statement to perfect its security interest.
• C)Jacqueline's possessory lien on the truck prevails over the bank's security interest.
• D)Jacqueline's possessory lien is excluded from the application of the Ontario Personal Property Security Act, so the bank's security interests prevails over her interest.
• E)The bank is entitled to the truck because Shazad did not give Jacqueline a security interest in the truck.

Recognize the importance and methods of content curation for business communication.

Grasp the concept and significance of augmented and virtual reality in enhancing physical and digital experiences.

Comprehend the role and benefits of communities (of practice, interest, and brand communities) for businesses.

Identify strategies for utilizing social networks for business collaboration and brand building.

---

Definitions:

Wage Level

The average rate of pay for workers or employees within a specific area or sector.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.

Combined Value

The total worth generated by merging two or more elements, products, or processes, which is often greater than the sum of their separate values.