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In: Operations Management

Which of the following is not an example of a document of title? warehouse receipt bill...

Which of the following is not an example of a document of title?

warehouse receipt

bill of lading

straight bill of lading

air bill

bill of sale

Which of the following is not a type of arrangement where goods may be returned to the seller?

sale on approval

sale or return

consignment sale

sale of revocation

Lead paint was an issue with many children's toys that were being sold in the United States. To oversee the standards for product safety, Congress enacted the _____________________.

Consumer Safety Priority Act

Safety and Regulation Act

Consumer Product Safety Improvement Act

Consumer Product Consumption Act

Breach of Quality Assurance Act

Solutions

Expert Solution

Question: Which of the following is not an example of a document of title?

Answer:

The answer is “straight bill of lading”

A straight bill of lading contains the name of person for whom the delivery of goods is meant. It is non negotiable as it cannot be delivered by order of a person so it is not considered as a document of title.

Question: Which of the following is not a type of arrangement where goods may be returned to the seller?

Answer:

The answer is “sale of revocation”

Sale of revocation: A revocation is already a cancellation of sale. Anything which is not sold cannot be returned. Hence sale of revocation is not a type of arrangement where goods may be returned to the seller.

In all other scenario (sale on approval, sale or return and consignment sale) the return is possible to the seller.

Question: Lead paint was an issue with many children's toys that were being sold in the United States. To oversee the standards for product safety, Congress enacted “the _____________________.

Answer:

The answer is “Consumer Product Safety Improvement Act”

Consumer Product Safety Act was and act enacted by congress in 1972. It was created to develop standard for the products and also ban products. It protect the citizens from unreasonable risk which might cause death and / or serious injuries. It also protects by its jurisdiction to protect children from harmful chemical, mechanical, fire and electrical hazards.

keosha answered 1 year ago

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