Which of the following is an advantage of central warehousing for a chain retailer?
a. lower transportation costs to individual stores
b. closeness to individual stores
c. increased capability of quick response systems
d. increased use of mechanization in the processing of goods
d
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On June 15, Harper purchased equipment for $100,000 from Imperial Corp. for use in its manufacturing process. Harper paid for the equipment with funds borrowed from Eastern Bank. Harper gave Eastern a security agreement and financing statement covering Harper's existing and after-acquired equipment. On June 21, Harper was petitioned involuntarily into bankruptcy under Chapter 7 of the Federal Bankruptcy Code. A bankruptcy trustee was appointed. On June 23, Eastern filed the financing statement. Which of the parties will have a superior security interest in the equipment?
A. The trustee in bankruptcy, because the filing of the financing statement after the commencement of the bankruptcy case would be deemed a preferential transfer. B. The trustee in bankruptcy, because the trustee became a lien creditor before Eastern perfected its security interest. C. Eastern, because it had a perfected purchase money security interest without having to file a financing statement. D. Eastern, because it perfected its security interest within the permissible time limits.
What organization adopted the definition of a paralegal or legal assistant in 1997?
A) National Federation of paralegal Associations (NFPA) B) National Association of Legal Assistants (NALA) C) Standing Committee on Paralegals D) All of the above.