1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shtirlitz [24]
3 years ago
5

Overextended Debtor. Dennis purchased a big screen television from ABC Electronics and financed the purchase through ABC Electro

nics based on an agreement granting ABC Electronics a security interest in the television and requiring that Dennis make monthly payments. Three months later, because Dennis had bought a boat, a new car, and an expensive engagement ring for his girlfriend, and some other items, he was unable to continue making payments on the television. The manager from ABC Electronics called and asked Dennis to return the television. Dennis refused on the basis that ABC Electronics never perfected its interest in the television. Which of the following is the proper designation under the UCC for the television?
A. Pledged goods.
B. Acknowledged goods.
C. Illegal security.
E. Defined security.
F. Collateral.
Business
1 answer:
kap26 [50]3 years ago
7 0

Answer: (F) Collateral

Explanation:

  According to the given question, Collateral is referred to proper designation under UCC in which the Dennis refused to return television to the ABC electronics company.

The term Collateral is referring as assets such as television that is typically used to secure the loan as it provides a low internet rate and due to collateral they also makes the duration of the loan length.

Television is represented as collateral so ABC company cannot perfect its interest so due to this reason Dennis refuses to return television to the company. Collateral is known as the secured loan and it is used by the following ways:

  • Purchasing personal assets
  • Vehicles
  • Investment purpose
  • Paychecks

  Therefore, Option (F) is correct answer.

You might be interested in
What is perfect competition of economic
iris [78.8K]
- Free entry and exit
- Homogeneous product
- Large buyers and sellers
- No artificial restrictions
- No transportation costs
- Perfect knowledge of prices and technology
5 0
3 years ago
When an employee comes late to the office, an internal attribution will occur if there is low _____, low ______ and high _____.
coldgirl [10]

Answer:

B. consensus; distinctiveness; consistency.

Explanation:

Internal attribution: It is the case of human behavior that causes the attribution, such as ability, skills, personality, etc. it is also known as dispositional attribution. In this case, individual does not blame external factor or attribution, instead, they use an internal cause for their behavior.

In the given case, the employee comes late to the office, he will use internal attribution for his behavior if there is low consensus, low distinctiveness of other factors  and high consistency of getting late.

3 0
3 years ago
What’s a real GDP in business cycle phase economists expect
victus00 [196]

When it comes to the business cycle, the Real GDP can be described as the total value of the output of a nation, after this is adjusted for inflation.

<h3>What is Real GDP?</h3>

Real Gross Domestic Product (GPD) refers to the total value of goods and services produced in a year within a nation.

This amount is called "Real" when it has been adjusted for the effect of inflation on the nation and the prices of goods.

Find out more on Real GDP at brainly.com/question/13604000.

#SPJ1

7 0
2 years ago
What do pre-teen ducks hate? <br> will mark brainiest for right answer!<br> think hard.
icang [17]

Answer:

pre teen ducks hate voice quacks

3 0
3 years ago
What is you view of international initiatives to criminalize foreign bribery? Explain your answer and please conduct research to
Lelechka [254]

Answer:

Bribery is act of paying someone incentive in the form of money to get an undue favor.

Explanation:

Bribery is a global issues. People use this unfair mean to achieve what they want. Bribery is illegal in almost all countries of the world. Many countries have issued strict laws against bribery to stop it. Foreign corrupt practicing act of 1977 issued by United States to make bribery unlawful and minimize this crime in the country. Many businesses offer handsome amount as bribery to many countries government to get unfair advantage in the foreign country which completely creases the domestic businesses as competition arises in the home country.

8 0
3 years ago
Other questions:
  • It is very important to you that your work allows you to use your best abilities. You want to see the results of your work and g
    10·2 answers
  • Omar, an individual in the 37% tax bracket, wants to shift some of his income to a new corporation in order to take advantage of
    15·1 answer
  • Under the Uniform Securities Act, all of the following must be disclosed in an investment advisory contract EXCEPT A) other stat
    14·1 answer
  • When economists say that monetary policy can exhibit cyclical asymmetry, this means?
    14·2 answers
  • What are the pressure that Lenovo faces for global integration?
    13·1 answer
  • You put money into an account that earns a 5 percent nominal interest rate. The inflation rate is 2 percent, and your marginal t
    11·1 answer
  • When quantity supplied equals quantity demanded, there is a(n): a. equilibrium, and the price will not change. b. surplus, and t
    8·1 answer
  • Chinese mining companies supply 97% of the rare-earth materials used in manufacturing television screens. When China announced a
    9·2 answers
  • Parco, Inc., a U.S. entity, has a 100% owned subsidiary, Subco, Inc., located in the country of Eastlaco. In which one of the fo
    5·1 answer
  • Allison has used a bulleted list, ample amounts of white space, and headings in an e-mail message to her supervisor. In doing so
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!