What Critical Event Must Take Place Before Goods Can Be

question 6

Multiple Choice

What critical event must take place before goods can be shipped in order to assure payment can be reasonably expected?

• A)Determination of correct delivery address
• B)Credit approval
• C)Matching of shipping document with sales invoice
• D)Receipt of sales order from the customer

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Definitions:

Speculation

Speculation involves making high-risk financial transactions with the hope of significant profits, often based on future changes in market conditions.

Subject to the mortgage

This phrase denotes that a property is encumbered by a mortgage, meaning any dealings with the property must take into account the mortgage's terms and conditions.

Unregistered Mortgage

An unregistered mortgage refers to a mortgage agreement that has not been formally recorded with a governmental registry or legal authority, potentially affecting its enforceability and priority against other claims.

Prevailing Interest Rates

are the current rates of interest which banks and other financial institutions charge on loans and pay on deposits.