Carl, a Contractor, Has a Contract with Ron, a Realtor

question 64

True/False

Carl, a contractor, has a contract with Ron, a realtor, to construct a new condominium complex. The contract provides that Carl must furnish a certificate of occupancy and conformity with the local fire code before Ron has an obligation to pay. The furnishing of the certificate is an implied-in-fact condition subsequent to the construction of the building.

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Definitions:

Straight Rebuy

A purchasing situation in which a business buyer reorders an existing product or service from the list of acceptable suppliers without modifications.

B2B Marketing

The practice of marketing products and services directly between businesses, as opposed to marketing to end consumers.

Limited Decision Making

A consumer decision-making process used when purchasing products occasionally or needing little information about a product.

Straight Rebuy

The routine repurchase of a product or service without modification from the same supplier.