Adam Bought a Boat from Charlie for $900 Payable on November

question 106

Multiple Choice

Adam bought a boat from Charlie for $900 payable on November 6. On November 6, when Charlie came for the money, Adam didn't have it. Adam was, however, employed by Ms. Bey to do some market research. He was to be paid $1000 for his report, due on November 12. Charlie wanted an assignment of $900 of the amount Adam expected to receive November 12. Adam wrote out an assignment with all the essential information and signed it. Charlie gave written notice of the assignment with all pertinent information to Ms. Bey the next day, November 7. On November 12, Adam had not finished his report. The contract provided that he would lose $100 for every week he was late. Adam was two weeks late in submitting his report. Which of the following is true?

• A) The assignment fails to be an assignment at all because Adam failed to get the consent of Ms. Bey.
• B) Ms. Bey must honour the notice of assignment by paying out the $900 on the day the notice was received.
• C) Charlie would get nothing because Ms. Bey owed less than the amount assigned.
• D) Charlie, the assignee, would receive $800 from Ms. Bey and have to look to Adam for the other $100 owed.
• E) This assignment is a statutory assignment.

Comprehend the stages of the personal selling process and the objectives of each stage.

Differentiate between various selling strategies such as partnership selling, seminar selling, and conference selling.

Recognize the importance of cross-functional teams in developing comprehensive sales strategies.

Understand the methods used for prospecting and lead generation in sales.

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Definitions:

Macronutrients

Essential nutrients required in large amounts for human health, including carbohydrates, proteins, and fats.

Copper

A reddish-brown metal with high electrical and thermal conductivity, widely used in electrical wiring and in alloying.

Pressure Flow Theory

A model explaining how sugars are transported in plants, suggesting that sugars move from sources, where they are produced, to sinks, where they are used or stored, through the phloem via pressure gradients.

Nitrogen-Fixing Bacteria

Bacteria that convert atmospheric nitrogen into ammonia, a form accessible to plants for nutrition.