ABC Company in New York is financially distressed. It needs the revenue generated by a huge volume sale of its products to a big German company. The good are given to a carrier in New York who issues a bill of lading to ABC who then negotiates the bill of lading with the German buyer for an agreed price. A US creditor of the seller attempts to put a lien on the goods to satisfy its debt. Who has a greater claim to the goods-the creditor or the buyer in Germany? a. Creditor b. Seller c. The German buyer only if it meets the standard of being a "good faith purchaser" of the bill of lading. d. The German buyer automatically if it purchases the goods in the ordinary course of business.

ABC Company in New York is financially distressed. It needs the revenue generated by a huge volume sale of its products to a big German company. The good are given to a carrier in New York who issues a bill of lading to ABC who then negotiates the bill of lading with the German buyer for an agreed price. A US creditor of the seller attempts to put a lien on the goods to satisfy its debt. Who has a greater claim to the goods-the creditor or the buyer in Germany? a. Creditor b. Seller c. The German buyer only if it meets the standard of being a "good faith purchaser" of the bill of lading. d. The German buyer automatically if it purchases the goods in the ordinary course of business.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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