With a Simple Delivery Contract,when Does Title Transfer to the Buyer

question 29

Multiple Choice

With a simple delivery contract,when does title transfer to the buyer?

• A) When money is transferred
• B) When the items are delivered
• C) When the buyer takes possession
• D) One day after goods are identified to the contract
• E) When goods are identified to the contract

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Definitions:

Straight-Line Amortization

A method of reducing the value of an intangible asset over a fixed period of time evenly.

Bonds

Long-term debt securities issued by corporations or governments, promising to pay the bondholder a specified sum of money at future dates.

Issuance

The process of distributing new or existing securities for sale to investors.

Mortgage Note Payable

A liability representing a borrower's obligation to repay a loan secured by property, typically including terms like interest rate and maturity date.