Which of the Following Is TRUE? a Conditional Sale Is

question 31

Multiple Choice

Which of the following is TRUE? A conditional sale is

• A) a sale in which the buyer gets possession of the goods and title to them but payment of the purchase price is deferred.
• B) a sale in which the buyer gets possession of some goods but the seller retains title until the buyer pays the purchase price.
• C) a sale in which the seller refuses to give possession of the goods to the buyer until the buyer meets certain conditions, including providing assurances that the seller will get paid.
• D) a sale in which the buyer refuses to buy the goods until certain conditions are met.
• E) none of the above.

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Definitions:

Descriptive Norms

Norms that convey information about what is commonly done in specific situations, serving as guides for expected behavior.

Private Acceptance

Conforming by altering private beliefs as well as public behavior.

Normative Social Influence

The influence of other people that leads us to conform in order to be liked and accepted by them, resulting in social harmony and cohesion.

Informational Influence

The effect on an individual's behavior or attitudes caused by the desire to be correct and to understand the proper way to act in a given situation.