The Key Distinguishing Factor Between Business Consumers and Final Consumers

question 23

True/False

The key distinguishing factor between business consumers and final consumers is the ultimate or end use of the product or service that is being purchased.

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Definitions:

Substantive Law

The law establishing both the rights an individual has in society and also the limits on her conduct.

Tort Action

A lawsuit instigated by an individual who has suffered harm due to another's wrongful act, aiming to obtain a remedy such as monetary compensation.

Hearsay Evidence

Evidence presented in court based on what the witness has heard someone else say, rather than on direct personal knowledge.

Substantive Law

The set of laws that governs how members of a society are to behave. It defines rights and responsibilities in civil law, and crimes and punishments in criminal law.