Assuming the Car Was Stolen Without Any Knowledge of ABC

question 22

Multiple Choice

Assuming the car was stolen without any knowledge of ABC Motors,which of the following is true regarding the manager's statement that Marcy has a good title?

• A) The manager is correct.
• B) The manager is correct only if Marcy can establish true consumer status meaning that she had not bought or sold over three cars in the previous six months.
• C) The manager is correct only if Marcy can establish true consumer status meaning that she had not bought or sold over three cars in the previous year.
• D) The manager is incorrect because Marcy has voidable title.
• E) The manager is incorrect because Marcy has void title.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent or salaries.

Unit Contribution Margin

The amount by which the selling price of a unit exceeds its variable cost, often used to assess the profitability of individual products.

Targeted Net Profit

The specific amount of net income that a company aims to achieve within a certain period as part of its financial goals.

Selling Price Per Unit

The amount of money charged for each unit of a product or service sold.