Solved

What Is the Role of a Financing Statement in a Consignment

Question 49

Multiple Choice

What is the role of a financing statement in a consignment if the consignor files it?


A) It protects the consignor from bearing a risk of loss for the goods.
B) It protects the consignor from possible payment revocation by the consignee.
C) It gives the buyer's creditors claim over the goods.
D) It gives the seller's creditors claim over the goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions