If a Dealer Has Interest on One Side, and the Other

question 509

Multiple Choice

If a dealer has interest on one side, and the other side is dealt away, the broker should:

• A) Immediately put the price "under reference" and check with the dealer to ascertain his original intention.
• B) Cancel the order.
• C) Continue with the order.
• D) None of the above.

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Definitions:

Merchandise

Goods that are bought and sold in any business, particularly in retail.

Freight Charge

The cost incurred for transporting goods between places, typically charged by carriers for shipments.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; also known as net earnings or net profit.

Sales Discounts

Reductions in the price of a product or service offered to incentivize prompt payment by the customer.