PPSA definitions

PPSA definitions

University

8 Qs

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PPSA definitions

PPSA definitions

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Tamra Alexander

Used 2+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the PPSA, a certified cheque is:

An account

An instrument

Investment property

A future advance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the PPSA, a car bumper at a car service centre is:

Consumer goods

Equipment

Inventory

Processed goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the PPSA, a lease relating to the lease of a photocopier is:

Goods

Inventory

Chattel paper

Investment property

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the PPSA, a bumper added to a car to replace a damaged bumper is:

An accession

Processed goods

A fixture

Inventory

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the PPSA, a share certificate of a private company is:

Chattel paper

An instrument

A futures contract

Investment property

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the PPSA, the following is a "security":

A share certificate in a private comapny

Any form of collateral

Any form of intangible personal property

A bill of lading

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Under the PPSA, plastic that is combined with rubber to make a car bumper is:

Inventory

Equipment

Processed goods

Accession

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