Lauren owns a 1967 Ford Mustang, which Mike customizes and details to Lauren's specifications. The car earns several awards at regional vehicle customizing competition shows. The result of Mike's efforts is
A) accession.
B) acquisition.
C) conversion.
D) a bailment.

Question

Lauren owns a 1967 Ford Mustang, which Mike customizes and details to Lauren's specifications. The car earns several awards at regional vehicle customizing competition shows. The result of Mike's efforts is​
A) ​accession.
B) ​acquisition.
C) ​conversion.
D) ​a bailment.

Quizplus · Accepted Answer

Accession refers to the addition of value to property through labor or new materials, which is what Mike did by customizing and detailing the car.

Lauren Owns a 1967 Ford Mustang, Which Mike Customizes and Details