Corporate Distribution Systems Consist of Several Independently Owned Intermediaries, All

question 138

True/False

Corporate distribution systems consist of several independently owned intermediaries, all of them organized as multinational corporations.

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Definitions:

Suretyship

A contract between a creditor and a third party who agrees to pay another person’s debt.

Guaranty

A type of contract which ensures that a third party is secondarily liable for the debt to be paid; similar to a suretyship.

Liable

Being legally responsible for something, typically entailing a legal obligation to compensate for harm caused.

Artisan's Lien

A legal claim or right granted to craftsmen or repairers over the property they have serviced or improved, until payment is received.