A buyer took delivery of the deed to his new house but neither recorded the deed nor took possession of the property. Under these circumstances
A) the transfer of the property from the seller is ineffective.
B) the buyer's interest is not fully protected against third parties.
C) the deed is invalid after 90 days.
D) the deed in invalid after 6 months.
Answer: B) the buyer's interest is not fully protected against third parties.
Business
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e-marketplaces e-trading posts e-orgshops e-business locales
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What is the cash conversion cycle for a firm with a receivables period of 40 days, a payables period of 30 days, and an inventory period of 60 days?
A) 70 days B) 130 days C) 50 days D) 10 days
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