Examlex
Which of the following statements is true of distributors in a channel of distribution?
Obligation
An obligation, either ethical or legal, to take a certain action or to avoid taking a particular action.
Terminates
Marks the end or conclusion of something, such as a contract, agreement, or employment.
Fiduciary Duty
An obligation to act in the best interest of another party, emphasizing trust, honesty, and loyalty.
Real-Estate Agent
A licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations.
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