Sellers Often Decide to Offer Credit to Borrowers Because It

question 49

True/False

Sellers often decide to offer credit to borrowers because it helps with the exchange of purchased items.

---

Definitions:

Personal Liability

Personal liability is an individual's legal responsibility to repay debt or fulfill obligations from personal assets if the business or venture they are involved in fails to meet these obligations.

Pass-Through Tax Entity

A business structure that avoids corporate tax, instead, profits and losses are passed through to the individual owners' tax returns.

Fajitas

A Tex-Mex culinary dish consisting of grilled meat, usually served with vegetables and tortillas on the side.

Capital Contributions

Investments or payments made by owners or shareholders into a company or partnership to provide it with working capital or to cover operational needs.