Maria's Distributing Inc sells 20 fax machines to Bill's Electronics Ltd. for $2,000 to be paid in 30 days. No other terms are agreed to. The fax machines are delivered to Bill's the next day
Forty-five days later, Bill's puts up a going out of business sign and advertises these fax machines at $50 each. Bill's has not made one payment to Maria's. Which of the following is true?
A) Maria's Distributing Inc. is the owner of the fax machines.
B) Bill's Electronics Ltd. is the owner of the fax machines
C) Because Bill has not paid, Maria's Distributing Inc. can repossess the fax machines.
D) Both A and C.
E) Both B and C
B
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