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
Vesnalui [34]
3 years ago
5

A warranty of title does not arise automatically under a contract for a sale of goods.

Business
1 answer:
wlad13 [49]3 years ago
4 0
The answer is it depends if the seller is the owner or a representative of the seller.

The answer is True if the seller is the one selling the product. The warranty of title is added automatically once the purchase is made. But in the situation wherein the seller had asked someone to represent him, then the title would not be automatically be added.
You might be interested in
"Prepare the issuer's journal entry for each of the following separate transactions.
Charra [1.4K]

Answer:

Dr cash        $303,500

Cr common stock                                      $133,500

Cr paid in capital in excess of par value $170,000

Second issue of shares:

Dr cash       $74,000

Cr common stock  $74,000

Explanation:

The cash received from the issuance of 44,500 at $3 par value is $303,500 which is to debited to cash and credited to common stock for$133,500 ($3*44,500) while the balance of $170,000  ($303,500-$133,500) is credited to paid in capital in excess par value account.

On the issuance of no par value common stock for cash of $74,000,the cash account is debited as usual with $74,000 while the common stock account is credited with same amount.

3 0
3 years ago
State chartered banks are required to become members of the federal reserve system.
alex41 [277]
I think that any bank or incorporated banking institutions involved can become members.
3 0
3 years ago
All IRS-certified volunteer preparers participating in the VITA/TCE programs must use Form 13614-C along with an effective inter
katen-ka-za [31]

Answer: True

Explanation:

It is required that all volunteers preparing to participate in the VITA/TCE programs must use Form 13614-C along with an effective interview for every return prepared at the site. This is a major requirement, if not they won't participate or partake in the program.

6 0
2 years ago
Which of the following statements is CORRECT?
Kaylis [27]

A, B, D ,and E statements are correct

Explanation:

The main reason for the annual report is that it is utilized by investors when they expect future income and dividend from the company as well as the risks associated with those cash flows.

The statement of income shows the difference between the income and costs of a company–that is, its profits–over a given duration. Nevertheless, any income reported comes in cash and the expenditure reported always reflects cash expenditures. There will therefore be no substantial difference for the same period between a company's profits reported and its real cash flow.

Suppose all companies follow generally accepted standards of transparency. Two years ago, both companies started operations with similar fixed assets worth $1 million, and neither company sold either or purchased any of these properties. All firms would have to report to their balance sheets the same amount of net fixed assets as the statements are sent to creditors.

Assets other than currency are expected to produce cash over time and the amount of cash they generate will be the same as the amounts on the ledger.

5 0
3 years ago
You are an RR at a firm and one of your customers calls you up and informs you that she wishes to exercise a long listed option
MAVERICK [17]

Answer:

The correct answer is:  The firm would present the order to the Options Clearing Corporation.

Explanation:

The Options Clearing Corporation or OCC works under the Securities and Exchange Commission (<em>SEC</em>) and acts as a guarantor and the issuer of options and futures contracts. The OCC is also in charge of clearing transactions for stock indexes, interest rate composites, and foreign currencies.

7 0
3 years ago
Other questions:
  • If company managers want to pursue cost-saving actions that can potentially result in their company achieving a sustainable cost
    12·1 answer
  • Which of the following statements are true regarding dividends?
    11·1 answer
  • Given this project and the requirement that the number of resources working on a task cannot be less than the number assigned to
    15·1 answer
  • Compute the payback period for each of these two separate investments:
    14·1 answer
  • What is your proudest accomplishment and why
    11·1 answer
  • Automation has improved the quality and efficiency of repetitive tasks. True or False
    6·2 answers
  • All That Blooms provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.
    5·1 answer
  • New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by a. the po
    12·1 answer
  • Agricultural land includes all of the following EXCEPT which?
    14·1 answer
  • Heather and Alicia work at the same company, but in different departments. Heather is an individual contributor and she is respo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!