Nordstrom and Macy's Are Examples of

question 113

Multiple Choice

Nordstrom and Macy's are examples of

• A)department stores.
• B)full-line discount stores.
• C)specialty discount stores.
• D)fast fashion stores.
• E)off-price retailers.

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Definitions:

Secondary Liability

Secondary Liability refers to the legal responsibility of a third-party for the actions of another, such as a parent company being liable for the actions of its subsidiary.

Party Authority

The legal power or capacity of a party to enter into a binding contract or agreement.

Act On Behalf

The action of representing or making decisions for someone else or another entity.

Drawer

The person who writes or drafts a negotiable instrument, such as a check, directing the bank to pay the specified amount to the party named in the document.