With Regard to Conditional Sales and Chattel Mortgages, Which of the Following

question 52

Multiple Choice

With regard to conditional sales and chattel mortgages, which of the following is false?

• A) There is no longer a distinction between a chattel mortgage and a conditional sale.
• B) A chattel mortgagee must register the mortgage in the appropriate registration office, not to protect his claim on the chattel against the chattel mortgagor, but to protect his claim against third parties, e.g., a bona fide purchaser for value.
• C) These transactions are now governed by the Personal Property Security Act.
• D) A conditional seller can assign the conditional sale contract to a finance company without the consent of the conditional buyer.
• E) If a conditional buyer defaults in his payments, the conditional seller can generally seize the chattel without a court order.

Understand the role and characteristics of wholesalers in the distribution channel.

Recognize the impact of e-commerce and non-store retailing on distribution strategies.

Acknowledge the significance of pricing decisions in the distribution channel.

Appreciate the influence of physical distribution and logistics management on reaching target markets efficiently.