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If a Contract Contains a Delivery Term of __________, the Seller's

question 3

Multiple Choice

If a contract contains a delivery term of __________, the seller's responsibility is to get the goods to the buyer.


Definitions:

Primarily Liable

The state of being the first or main party responsible for fulfilling a liability or obligation.

Dishonor

In financial contexts, it refers to the refusal or inability to pay a bill of exchange, promissory note, or other negotiable instrument when due.

Warranty Liability

Liability that is attributed when the transfer of an instrument breaches a warranty associated with an instrument.

Transfer

The act of moving or conveying property or rights from one party to another.

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