The Terms of Sale Generally Include All of the Following

question 316

Multiple Choice

The terms of sale generally include all of the following EXCEPT the:

• A) Discount period.
• B) Credit period.
• C) Cash discount.
• D) Credit analysis.
• E) Type of credit instrument.

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Definitions:

Principal's Identity

Refers to the clear disclosure of the principal party's identity in an agency relationship, especially in transactions.

E-agent

A computer program or an electronic or online platform that performs tasks or conducts transactions on behalf of users or other programs.

On-screen Confirmation

A visual acknowledgement displayed on a digital screen indicating that an action or transaction has been successfully completed.

Void

Refers to a contract or legal agreement that is deemed unenforceable and having no legal effect.