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AlladinOne [14]
4 years ago
12

The UCC's entrustment rule a. allows a person who has no legal right to possession of particular goods (i.e., a thief) to sell t

hem to a good faith purchaser. b. allows a person who has been entrusted with goods to sell those goods to anyone who is doing business in the seller's store as long as the seller normally sells good of that kind (i.e., bicycle store selling a bicycle). c. illustrates the UCC's objective of protecting a good faith purchaser. d. All the above answers are correct.
Business
1 answer:
rosijanka [135]4 years ago
8 0

Answer: The UCC's entrustment rule <em><u>allows a person who has been entrusted with goods to sell those goods to anyone who is doing business in the seller's store as long as the seller normally sells good of that kind (i.e., bicycle store selling a bicycle).</u></em>

Under this rule, an proprietor who confide goods to a “merchant” i.e. someone who trades in that particular commodity of that type or holds himself as having cognition or ability in context to the practices or commodity involved in the dealing.

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Entrepreneurs are provided with what when starting a franchise?
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3 years ago
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According to peterson, what was the catalyst for the formation of the first truly global trade network?
Snowcat [4.5K]

<u>According to peterson,</u><u> not the railroad </u><u>was the catalyst for the formation of the first truly </u><u>global trade network.</u>

Who started the galleon trade?

  • After Augustinian friar and navigator Andrés de Urdaneta evolved the tornaviaje, or go back direction, from the Philippines to Mexico, the Spanish mounted the Manila galleon alternate direction in 1565.
  • In that year, Urdaneta and Alonso de Arellano finished the primary a success spherical trip.

What element made the Philippines a middle for shipbuilding?

Indios have been a abundant supply of reasonably-priced exertions that might be abused. -Indians have been professional shipbuilders. -enough deliver of top-notch lumber.

Who constructed the primary deliver withinside the world?

  • Among the earliest deliver builders have been the Egyptians. Egyptian vases and graves include the earliest depictions of boats ever discovered.
  • These images, which date again at least 6000 years, depict long, slender boats.
  • They used paddles to row and have been mainly made from papyrus reeds.

Learn more about galleon trade

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7 0
2 years ago
According to GAAP, the amount of bad debt expense can be estimated by: A. Only the percent of sales method. B. Only the percent
yarga [219]

Answer:

E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.

Explanation:

The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy

It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)

1. percent of accounts receivable method,

2. percent of sales method

3. the aging of accounts receivable method

Hence, the correct option is E.

7 0
3 years ago
During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $
lorasvet [3.4K]

Answer:

The total cost of vacation pay and pension rights to be recognized the first year is $0

Explanation:

The vacations are expected to be taken the following year for which the vacation pay would be made and the pension rights are expected to be paid over the next 5-30 years. So, no cost is recognized in the first year

5 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
kogti [31]

Answer:

Supply is dependent on factors like the cost of production and other aspects. The law of supply states that if everything else remains constant and the product price increases, then there will be a(n) <u>INCREASE</u> in the quantity of the product that producers are willing and able to produce.

Explanation:

The law of supply basically states that if the price of a good or service increases, the quantity supplied should increase. On the other hand, the law of demand states the opposite, as the price of a good decreases, the quantity demanded will increase. The equilibrium point is where both the supply and demand curve intersect.

8 0
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