Diamond Camera Shop receives lenses from Excel Optical, Inc., under a sale or return agreement. While the lenses are in Diamond's possession, title is held by
A) Diamond and Excel jointly.
B) Diamond only.
C) Diamond's creditors only.
D) Excel only.

Question

Quizplus · Accepted Answer

The Answer of Diamond Camera Shop receives lenses from Excel Optical, Inc., under a sale or return agreement. While the lenses are in Diamond's possession, title is held by
A) Diamond and Excel jointly.
B) Diamond only.
C) Diamond's creditors only.
D) Excel only.

Diamond Camera Shop Receives Lenses from Excel Optical, Inc