Quality Appliance Company Allows Reba to Take a Set of Kitchen

question 25

Multiple Choice

Quality Appliance Company allows Reba to take a set of kitchen appli?ances that she bought from Quality even though she has not paid the full price. Quality's legally sufficient financing statement in the goods need not include

• A) a description of the collateral.
• B) a statement of the reason for allowing Reba to take the goods.
• C) Quality's name.
• D) Reba's name.

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Definitions:

Psychological Contract

The unwritten, perceived obligations, and expectations between an employer and employees regarding the nature of their working relationship.

Makes Contributions

refers to the act of offering ideas, efforts, or resources to a group, project, or cause, enhancing its success or progress.

Inducements

Rewards or incentives provided to encourage certain actions or behaviors among individuals or groups.

Psychological Contract

The unwritten, implicit set of expectations and obligations between an employer and an employee regarding the terms of their working relationship.