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In a Consignment Situation,when Are Goods Subject to the Claims

Question 102

Multiple Choice

In a consignment situation,when are goods subject to the claims of the buyer's creditors?


A) when the seller files a financing statement
B) when the seller fails to file a financing statement
C) whenever the goods are in the buyer's place of business
D) only if there is a written agreement that the consigned goods are subject to the claims of the buyer's creditors
E) only if the creditor seeks the consigned goods within 30 days of the time they are placed in the buyer's place of business

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