Which of the Following Is True of the Code's Rules

question 81

Multiple Choice

Which of the following is true of the Code's rules on title to goods?

• A)Buyers may reject the goods and yet keep title to them.
• B)Sellers are less important titleholders to the goods in a contract.
• C)Parties cannot use a negotiable document of title for professional carriers.
• D)Title passes to a buyer only when the seller performs his duties completely.

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Definitions:

Property Dividend

A type of dividend payment made in assets other than cash, such as stocks or physical assets.

Excess Liquidity

The situation where an organization or individual possesses more cash resources than are necessary for current operations or investments, potentially indicating underutilization of assets.

Common Shareholders

Shareholders who claim the residual profits and assets of a corporation, and usually have the exclusive power and right to elect the directors of the corporation.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or stock.