An Even More Imprecise Term Than Distributor, ________ Can Mean

question 125

Multiple Choice

An even more imprecise term than distributor, ________ can mean the same as retailer, wholesaler, and more.

• A) broker
• B) order taker
• C) agent
• D) dealer
• E) wholesaler

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Definitions:

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of a personal account, and signed by a cashier.

Drawer's Liability

Refers to the obligation of the drawer (the person who writes a cheque or draft) to ensure the availability of funds in the account for the amount specified for payment to the payee.

Misrepresentation Claim

A legal assertion that one party has made false statements that another party relied on to their detriment.

Stop-Payment Order

A request made to a financial institution to cancel payment on a check or payment request before it has been processed.