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Questions and Answers
What is considered a sale?
What is considered a sale?
- The settlement of a price for goods or services
- The obligation of payment by the purchaser
- The passing of title of the item
- The exchange of goods or delivery of a service for a cost (correct)
Who typically executes the sale?
Who typically executes the sale?
- The purchaser
- The seller (correct)
- The salesclerk
- The shop assistant
What is a person called who sells goods on behalf of the owner?
What is a person called who sells goods on behalf of the owner?
- Salesclerk
- Purchaser
- Salesperson (correct)
- Shop assistant
Which laws govern sales of goods in common law countries?
Which laws govern sales of goods in common law countries?
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In the United States, what laws govern sales of goods?
In the United States, what laws govern sales of goods?
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What is the passing of title (property or ownership) of the item in a sale referred to as?
What is the passing of title (property or ownership) of the item in a sale referred to as?
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What is a period during which goods are sold for a reduced price commonly referred to as?
What is a period during which goods are sold for a reduced price commonly referred to as?
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Who completes a sale in an interaction with a buyer?
Who completes a sale in an interaction with a buyer?
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What is a person who sells goods or services on behalf of the owner known as?
What is a person who sells goods or services on behalf of the owner known as?
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In common law countries, what generally governs sales?
In common law countries, what generally governs sales?
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