Which of the Following Defences May Be Either Defect in Title

question 34

Multiple Choice

Which of the following defences may be either defect in title defences or real defences,depending upon the circumstances?

• A)minority
• B)material alteration
• C)personal defences
• D)contributory negligence
• E)absence of delivery

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Definitions:

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the costs required to convert raw materials into finished goods.

Cost Of Goods Sold

The cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Job Costing

A cost accounting system used to assign costs to specific jobs or batches, typically used in industries with unique, customizable orders.