The Major Objective of a Firm in Granting Credit Is

question 44

Multiple Choice

The major objective of a firm in granting credit is

• A) generating consumer goodwill.
• B) reducing bad debt risk.
• C) make sales.
• D) promoting the business.

Identify the correct preposition to use with specific fixed expressions.

Recognize and apply the correct prepositions for time expressions.

Distinguish between similar prepositions and use them correctly in sentences.

Apply knowledge of prepositions to understand historical information.

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Definitions:

Part Performance

A legal principle that allows an incomplete contract to be enforced if one party has taken significant actions based on the agreement, demonstrating the existence of the contract.

Oral Promise

An agreement made verbally that may or may not be legally binding, depending on the context and content.

Modification

The process of making changes or alterations to something, such as a contract or plan, to correct or improve it.

Oral Contract

is an agreement between parties that is spoken and not written, yet it is legally binding.