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A ____ Relationship Exists When Two Entities Are Associated

question 37

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A ____ relationship exists when two entities are associated.


Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of those involved.

Destination Contract

A contract for the sale of goods where the seller is required to ship the goods to a specific location and title passes to the buyer upon delivery at that location.

Risk of Loss

A legal term concerning who bears the responsibility for damage or loss of goods under a contract at any given point in a transaction.

Transit

The act or process of moving people or goods from one place to another.

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