Under a Conditional Sales Contract, the Buyer Gets Neither Title

question 22

True/False

Under a conditional sales contract, the buyer gets neither title nor possession of the goods subject to the contract until the full amount of the purchase price is paid.

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Definitions:

Utility

In economics, a measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.

Satisfaction

The fulfillment of one's needs or the pleasure derived from consuming goods or services.

Consuming It

Pertains to the act of using up resources or products to satisfy needs or desires.

Ability

The possession of the means or skill to do something.