City Accounting Service Pays Half of the Price for a Shipment

question 8

Multiple Choice

City Accounting Service pays half of the price for a shipment of computers that remain with the seller,Digital Computers,Inc.Within ten days,Digital becomes insolvent.City can recover the goods if

• A)City can describe the computers.
• B)City cannot obtain cover.
• C)City expected to obtain the computers within those ten days.
• D)the computers are identified to the contract.

---

Definitions:

Bondholders

Individuals or institutions that own bonds issued by corporations or governments, entitling them to receive the bond's principal back plus interest payments.

Interest and Repayment

Terms referring to the cost of borrowing money (interest) and the act of paying back borrowed funds (repayment).

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined price.

Convert into Shares

This refers to the process of converting financial instruments or investment vehicles into a specific number of shares or stock.