EBay, Which Never Owns the Various Items It Sells, Can

question 39

Multiple Choice

eBay, which never owns the various items it sells, can be considered ________.

• A)a retailer
• B)an agent/broker
• C)a distribution channel
• D)an outlet

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with particular responsibilities, typically involving financial management or care.

Corporate Veil

A legal concept that separates the personality of a corporation from the personalities of its shareholders, protecting them from being personally liable for the company's debts or obligations.

Real Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions.

Articles of Incorporation

The primary legal document used to establish a corporation, outlining basic information such as the corporation's name, purpose, and structure.