Mr. S is an insurance agent, and has bought a set of drums and cymbals from GB Inc. on credit, and although there was a security agreement executed between the parties but it was never filed. S bought these items to supplement his income by playing at a band which he has also done earlier. The income he earns from playing in band is somewhat equal to what he earns as an insurance agent. When S become bankrupt, his bankruptcy estate tried to acquire drums and cymbals. Over this, GB Inc. argued claiming the drums and cymbals stating that they are consumer goods and thereby constitutes for security agreement between the parties.
Answers
In this scenario, the key issue revolves around whether the drums and cymbals purchased by Mr. S qualify as consumer goods and, consequently, are subject to a security agreement.
Consumer goods are typically defined as goods that are used or bought for use primarily for personal, family, or household purposes. However, it is important to note that laws and definitions can vary between jurisdictions.
Based on the information provided, Mr. S purchased the drums and cymbals to supplement his income by playing in a band, which he has done in the past. While the income he earns from playing in the band is comparable to his earnings as an insurance agent, it is essential to consider whether the primary purpose of purchasing the musical instruments was for personal or household use or for commercial purposes.
If it can be established that the primary purpose of purchasing the drums and cymbals was for commercial use, such as earning income as a musician, rather than for personal or household use, then they may not be considered consumer goods. In that case, the security agreement executed between Mr. S and GB Inc., which was not filed, may not be applicable to the drums and cymbals.
However, the specific legal provisions and interpretations regarding consumer goods, security agreements, and bankruptcy can vary, and it is important to consult the relevant laws and regulations applicable in the jurisdiction where this situation arises. Consulting with a legal professional experienced in bankruptcy and commercial law would be advisable to obtain accurate advice based on the specific circumstances and applicable laws
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Related Questions
What consumer protection agency is known by the acronym SEC? a. Safe Expansion Commission b. Society of Economical Consumers c. Stock Exchange Control d. Securities and Exchange Commission.
Answers
d. Securities and Exchange Commission.
The Securities and Exchange Commission (SEC) is a U.S. government agency that is responsible for the regulation of securities market whilst also protecting investing public.
The commission enforces federal laws to protect American public who are into securities market.
Other duties of the commission includes issuance of securities of public companies, provides data, regulates the market and facilitate capital formation, as well as merger and acquisition activities.
Thus, Securities and Exchange Commission is the consumer protection agency known by the acronym SEC
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The article mentions that if you are owed a refund from the irs, you won’t be penalized if you file your tax return late. However, why might you want to file your tax return on time?.
Answers
You might want file your tax return on time to avoid penalty.
What is tax return?Tax return is the tax amount that a person or an individual remit to the government.
You wont be penalized if you file your tax return late but you might be penalize if you refuse to file your tax return within the stipulated due date or before the due date given to you by tax authority.
Inconclusion you might want file your tax return on time to avoid penalty.
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What is marketing? Help pls
Answers
TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate
Answers
Answer: Lower interest rate are better. Higher interest rate is worse
Explanation:
A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.
Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answers
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
Andrew Jackson primarily supported the rights of
.
In this passage, Jackson calls for the removal of tribes from
.
He also demonstrates his
the American Indian way of life.
Answers
Answer:
1. White settlers
2.Mississipi and Alabama
3.Disaproval of
Explanation: i just did it on edg
[A speedy removal] will relieve the whole State of Mississippi and the western part of Alabama of Indian occupancy, and enable those States to advance rapidly in population, wealth, and power. It will separate the Indians from immediate contact with settlements of whites; free them from the power of the States; enable them to pursue happiness in their own way and under their own rude institutions; will [slow down] the progress of decay, which is lessening their numbers, and perhaps cause them gradually, under the protection of the Government and through the influence of good counsels, to cast off their savage habits and become an interesting, civilized, and Christian community.Like most politicians of the early 19th century, President Andrew Jackson believed that the rights of independent white farmers should take priority over the rights of American Indians. Furthermore, the country’s population was growing, and Jackson knew that white settlers would probably move onto American Indian lands no matter what treaties were signed. As this would likely lead to conflict, Jackson thought it was in American Indians’ best interests to move west.
In this speech, Jackson addresses Congress on the subject of American Indian removal.
Answer:
Andrew Jackson primarily supported the rights of ✔ white settlers.
In this passage, Jackson calls for the removal of tribes from ✔ Mississippi and Alabama.
He also demonstrates his ✔ disapproval of the American Indian way of life.
Explanation:
1) white settlers
2) Mississippi and Alabama
3) disapproval of
Taco and More baed in Houton, Texa, plan to buy Sun Grown Sala, which i baed in Mexico. Sun Grown Sala ha been in buine for 12 year and demontrate amazing profit. What type of entry mode i Taco and More uing?
Answers
The entry mode used by Taco and More is of acquisition.
When a company purchases the majority or all of the shares of another company in order to take over that business, it is said to have made an acquisition. If they buy more than 50% of the target company's stock and other assets, the acquirer can make decisions regarding newly acquired assets without the approval of the other shareholders. The term "merger and acquisition process" refers to the entire procedure of joining or acquiring a company. This includes all phases of planning, research, due diligence, closure, and implementation. It increases in scope. Increase the clientele for potential cross-selling opportunities. Obtaining new markets By promoting related products or services, you can increase sales opportunities.
Note that the full question is:
Taco and More based in Houston, Texas, plans to buy Sun Grown Sala, which is based in Mexico. Sun Grown Sala ha been in business for 12 years and demonstrate amazing profit. What type of entry mode is Taco and More using?
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what is home trade businness
Answers
Answer:
Home trade is the buying and selling of goods (with the aim of making profit) among people of the same country.
Explanation:
Select the correct answer. Ship's engineers help keep ships running well. A. True B.False
Answers
Answer:
i am late but this true
Explanation:
I did the test on this and got it right :)
Identify the change in the parent function that will produce the related function shown as a dash line. f(x)= √ x
Answers
Answer:
\(g(x) = 2 + \sqrt x\)
Translate the parent function, 2 units upward
Step-by-step explanation:
Given
\(f(x) = \sqrt x\)
See attachment for the graph
Required
Determine the change in f(x) that gives the dashed line
Let the dash line be represented with g(x)
From the attachment, there is only one transformation from f(x) to the g(x).
When f(x) is translated 2 units vertically upwards , it gives g(x); the dash line.
If
\(f(x) = \sqrt x\)
Then g(x) is:
\(g(x) = 2 + f(x)\)
\(g(x) = 2 + \sqrt x\)
Supplier Reliability: Ingrid shows data for total deliveries per year and on-time deliveries per year. What is an actionable metric that Ingrid could develop from these two pieces of data? That is, what is a metric that could be measured on a periodic basis (monthly, quarterly, annually) to show if the supplier is improving or not?
Supplier Manageability: Ingrid is using distance from headquarters as a metric for supplier manageability. Do you think that distance from headquarters is a good metric for supplier manageability? In other words, does distance from headquarters measure what is important to FarmCo in a way that shows whether the supplier is improving or not? How might suppliers respond to orders (manage lead times) even though they are located a far distance?
Supplier Importance: Ingrid is measuring supplier importance based on the number of product variants using parts from a supplier. Is this really a scorecard measure (ie, a measure of the supplier’s performance) or is this more like a dimension that could be used in the Supplier Segmentation Matrix (Kraljic Matrix)? In other words, as currently measured, is supplier importance something suppliers can actually do well at? Or improve on? Explain why or why not?
Supplier Dispensability: We will discuss a similar metric (recovery time) when we discuss supply chain risk. If a supplier has a low supplier dispensability rating, would this be something that a supplier would need to take action on? Or would it make more sense that FarmCo would take action here? Again, the question here is – should supplier dispensability actually be on a performance scorecard? Or should it be part of a broader discussion about how FarmCo manages risk in its supply chain?
Describe the main issue that FarmCo is having in this case.
Answers
FarmCo should consider revising their scorecard to include more appropriate metrics that accurately reflect supplier performance.
A metric that Ingrid could develop from these two pieces of data is the percentage of on-time deliveries. This metric could be measured on a periodic basis (monthly, quarterly, annually) to show if the supplier is improving or not.Supplier Manageability: Distance from headquarters may not be the best metric to measure supplier manageability.
This is because suppliers may respond to orders (manage lead times) even though they are located a far distance. Instead, metrics like lead time, response time, and flexibility may be better indicators of supplier manageability. Suppliers could respond to orders (manage lead times) even though they are located a far distance.
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While training for best practices is a good example of Classical Management, it's also A. time saving B. time expensive C. waste reducing 4
Answers
Time saving is a good example of Classical Management . The division of labour is one benefit of the classical management method. Larger projects are divided into manageable, smaller jobs.
What is another name for classical management?Early in the 20th century, scientific management theory—also known as classical management theory—became widely accepted and placed a focus on raising employee productivity. The traditional theory of management, which Frederick Taylor developed, promoted a systematic examination of the tasks and the personnel in charge of them.
What is modern traditional management?The neoclassical theory is a broad adaptation of the classical theory that takes behavioural science into account when managing a company. According to this view, an organisation is a social system, and human actions have an impact on how well it functions.
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Kennedy Company acquired all of the outstanding common stock of Hastie Company of Canada for U.S. $350,000 on January 1, 2013, when the exchange rate for the Canadian dollar (CAD) was U.S. $.70. The fair value of the net assets of Hastie was equal to their book value of CAD 450,000 on the date of acquisition. Any acquisition consideration excess over fair value was attributed to an unrecorded patent with a remaining life of five years. The functional currency of Hastie is the Canadian dollar.
For the year ended December 31, 2013, Hastie's trial balance net income was translated at U.S. $25,000. The average exchange rate for the Canadian dollar during 2013 was U.S. $.68, and the 2013 year-end exchange rate was U.S. $.65.
Calculate the U.S. dollar amount allocated to the patent at January 1, 2013.
$50,000.
$35,000.
$34,000.
$32,500.
$28,200.
Answers
The U.S. dollar amount allocated to the patent at January 1, 2013, is: U.S. $7,000 annual amortization × 5 years remaining life = U.S. $35,000
The answer is $35,000.
The U.S. dollar amount allocated to the patent at January 1, 2013, can be calculated as follows:
First, the acquisition cost in Canadian dollars can be calculated as follows:
CAD 450,000 book value of net assets × U.S. $0.70 exchange rate = U.S. $315,000
The excess acquisition consideration can be calculated as follows:
U.S. $350,000 acquisition cost − U.S. $315,000 fair value of net assets = U.S. $35,000 excess consideration
The amount allocated to the patent can be calculated as follows:
U.S. $35,000 excess consideration × (1/5) = U.S. $7,000 annual amortization
Therefore, the U.S. dollar amount allocated to the patent at January 1, 2013, is: U.S. $7,000 annual amortization × 5 years remaining life = U.S. $35,000 The answer is $35,000.
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a data warehouse is concerned with historic data and snapshots while oltp databases are typically concerned with current data only.True or False?
Answers
True, a data warehouse is concerned with historic data and snapshots, while OLTP (Online Transaction Processing) databases are typically concerned with current data only.
Data warehouse is a management system storing large amounts of data mainly relating to business analytics. Data warehouses store large amounts of historical and aggregated data from various sources, making it suitable for analysis and reporting. OLTP databases, on the other hand, focus on real-time transaction processing and maintaining up-to-date information for operational activities.
Hence, the given statement is true to its facts.
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How will an increase in lumber prices influence the home construction market? A. The demand for newly constructed homes will increase. B. The demand for newly constructed homes will decrease. C. The supply of newly constructed homes will increase. D. The supply of newly constructed homes will decrease.
Answers
A rise in Lumber costs will have an impact on the house construction industry by reducing the availability of newly constructed homes. Option D is correct.
Lumber(timber) is a material used in the construction of houses. If a result, as the price of timber rises, so does the cost of production. As a result, the manufacturer will limit supply, reducing the quantity of newly constructed residences. The price of timber has an influence on numerous businesses, including building and transportation.
When the real estate market cools, fewer individuals invest in house upgrades and construction, resulting in lower demand for lumber. Due to supply chain difficulties and manpower constraints, lumber providers were unable to meet the high demand in 2021. As a result, the price for lumber skyrocketed.
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Mustafa is interested in a senior level position but he hasn’t updated his resume since landing his entry level job. What should he remove from his resume to make it appropriate for a senior level position
Answers
You might choose to pursue a different professional path at any point in your career if it better fits your interests and talents over time.
What updates should be made in resume ?Better advantages, such as increased chances for growth or a better work-life balance, can be available in a different area. Once you've made this choice, you'll probably need to update your resume in order to apply for employment with confidence.
When changing careers, you must make sure that your resume emphasises the abilities that will help you succeed in your new field or profession.
Here are six stages to writing a resume that will land you a job, even if you have no prior experience in your new subject of interest.
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in a market-based economy, producers will tend to prefer less competition because it
Answers
In a market-based economy, producers will tend to prefer less competition because it allows them to have more control over pricing and market conditions.
Producers in a market-based economy often aim to maximize their profits. Less competition provides them with more market power and control over pricing decisions. When there is less competition, producers can set higher prices and potentially earn higher profits. They may also face fewer challenges from new entrants or substitute products, allowing them to maintain a larger market share. Additionally, less competition can reduce the pressure to innovate or improve product quality, as producers have less incentive to differentiate themselves from competitors. Therefore, in a market-based economy, producers may prefer less competition to optimize their financial performance and market position.
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What are the advantages and disadvantages of the three primary business writing formats?
Answers
Answer and Explanation:
The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-
A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.
Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.
It generally takes more time to write and format a business letter than to write an email or memo.
As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.
Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:
A Memorandum: (Advantages)
This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.Disadvantages
Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.Business letters (Advantages)
A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.Disadvantages
Writing and formatting a business letter often takes more time than composing a memo or e-mail.Emails (Advantages)
E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.Disadvantages
E-mail has too much unwritten rules to follow (etiquette) and it is too informal for many business purposes.Learn more from
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answers
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
I want to become either a rapper or an artist in arts. how do i follow my dream.
Answers
Answer:
tottally do it
Explanation:
Answer:
practice practice practice
Explanation:
cute copy and paste ☏ ♡ ☆⋆◦★◦⋆°*•°
. * . . ° . ● ° .
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° :. ° .☆ . ● .° °★
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¸ . ★ ° :. :. . ¸ . ● ¸ ° ¸. * ● ¸ °☆
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. * . . ° . ● ° .
° :. ° . ☆ . . • . ● .° °★ Not sure how to copy and paste? Just right click your mouse and choose copy in options, to release repeat the process and just paste it. No mouse? Select the text with your computer pad and use ctrl c to release, ctrl v. On mobile? Press on your screen and select the text, use the option copy and paste wherever you would like!
Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products to build on a ________.
product platform
product dais
product pulpit
product foundation
product template
Answers
Answer: product platform
Explanation:
Product platform is simply referred to as the common elements regarding the products of a company. When a new product is introduced into a particular market, the existing elements can be used.
Since Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products, the product platform is attributable here.
Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
Answers
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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br.uh its like 12:00 am for me.
Answers
Answer:
But for Me its 10:00 AM now
Anyways thnks for points!!!
chapter 13 victoria is the daytime supervisor for an automobile assembly line. she supervises 40 workers who perform specialized jobs that require moderate training. which of the following statements would indicate that victoria is following the path-goal model of leadership? group of answer choices victoria wants to develop a partnership with her team illustrated by reciprocal influence, mutual trust, respect and liking, and a sense of common fates. victoria has a certain idea about how she should behave as a leader and what she should do for her team of workers. victoria does not feel like taking responsibility for leading her team since their jobs require more than minimal training. victoria's leadership skills are most effective when applied to match the characteristics of the situation at hand. victoria likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.
Answers
Victoria is following the path-goal model of leadership if she likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.
This is one of the statements from the options that indicate Victoria is following the path-goal model of leadership.The path-goal theory of leadership is a model that suggests that leaders should provide the support and guidance their subordinates require to accomplish goals. Path-goal theory claims that a leader's leadership style is influenced by the subordinates' requirements and the environmental variables that affect their behavior.
The path-goal model of leadership is an extension of the expectancy theory of motivation, which suggests that employees' behavior is determined by the strength of their expectancy that increased effort will result in better performance and that better performance will result in the desired reward. Leaders can inspire their subordinates and help them reach their objectives by using the path-goal model of leadership.Victoria is a daytime supervisor for an automobile assembly line.
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place rock unit events in order.
3. (Note: The surface is not a layer. It is ground-level, complete with happy little trees.) \( \mathrm{A} 3 \) Homework \( - \) Unanswered Place the rock units events in order from oldest on bottom t
Answers
To place the rock unit events in order from oldest to youngest, we need to consider the principle of superposition, which states that in an undisturbed sequence of rock layers.
1. Homework: This event is the most recent one as it is mentioned last in the given list.2. A3: This event is mentioned before Homework, suggesting that it occurred earlier than Homework.3. Unanswered: This event is mentioned before A3, indicating that it happened before A3.Therefore, the correct order from oldest to youngest is: Unanswered → A3 → Homework.we need to consider the principle of superposition, which states that in an undisturbed sequence of rock layers, the youngest rocks are on top, while the oldest rocks are at the bottom.
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yall ready for snow starting december 16
Answers
Answer:
It never snows here :(((
Answer:
I live in Georgia and it never snows over here :(
Explanation:
I have an uncle who already got snow in Boston
Ten thousand people wanted to attend a concert, but the stadium only seats 3,000. Because of the high demand, concert officials increased the price of admission to a point
where only 3,000 people were able to afford the price. Which of the following best relates to the other 7,000 people who were unable to attend the concert:
Limited demand
Price incentives
Price rationing
Excess supply
Answers
It would be an example of price rationing. Since 3000 could only attend, they would have to increase the price to gain a profit from the demand.
tillers and tiles corp. creates machines parts used in the agriculture industry. a primary activity in the operations of tillers and tiles corp. would be
Answers
The Tillers and Tiles Corp. manufactures machinery components for the agricultural sector. Research & development would be a key component of tillers and tiles corp. operations.
What exactly are research and development?The creation of new knowledge is what research and development do. It is a task that businesses carry out in order to create new goods, methods, or services, or to enhance ones that currently exist. Businesses frequently assume risk in order to achieve this.
How are research and development defined?Businesses engage in research and development (R&D) when they want to produce new products or find ways to enhance the ones they already have. Larger businesses might have their own in-house research and development group that will evaluate and improve items or procedures prior to use in the marketplace.
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1) Using the case to respond, assess three reasons why several international companies are recruiting (woo-ing) their executives from "Third Country Nationals" TCN’s
Answers
There are several reasons why international companies are recruiting Third Country Nationals (TCNs) for executive positions including cost-effectiveness, cultural knowledge and language proficiency
Cost effectiveness: Often, TCN's are willing to work for lower salaries than their counterparts in the home or host country. This can save the company a significant amount of money in terms of labor costs.Cultural knowledge: TCN's often have a deep understanding of the culture and customs of the host country, which can be invaluable for an international company. This can help the company navigate cultural differences and avoid potential pitfalls.Language proficiency: Many TCN's are multilingual, which can be a huge asset for an international company. Being able to communicate effectively with employees, customers, and other stakeholders in multiple languages is crucial for the success of a global business.Learn more about International companies:
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Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answers
Answer:
The company currently earns a total contribution margin of $ 20