Megan Has Purchased Two Tickets for a Lucky Draw at the Local

question 54

Multiple Choice

Megan has purchased two tickets for a lucky draw at the local supermarket,which are with the store's cashier.Tracy,her friend,who knows about this,convinces the cashier that she is Megan and takes the tickets.She then goes and sells the tickets to Anya,who has no knowledge of the case.Which of the following statements is true?

• A) Megan has the right to recover the tickets from Anya.
• B) Tracy cannot be charged with fraud since she sold the tickets to Anya.
• C) The cashier has the voidable title on the tickets.
• D) Anya is the good faith purchaser.

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Definitions:

Current Liabilities

Obligations a company needs to pay off within one year or within its operating cycle, whichever is longer.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets, indicating the company's ability to generate additional revenues.

Cash Flow from Assets

The total amount of money being transferred in and out of a business, especially from operational, investing, and financing activities.

Dividends Paid

The portion of a company’s earnings distributed to its shareholders, usually in the form of cash or additional shares.