Which of the Following Is TRUE? a Conditional Sale Is

question 67

Multiple Choice

Which of the following is TRUE? A conditional sale is

• A)a sale in which the seller refuses to give possession of the goods to the buyer until the buyer meets certain conditions,including providing assurances that the seller will get paid.
• B)a sale in which the buyer gets possession of some goods but the seller retains title until the buyer pays the purchase price.
• C)a sale in which the buyer gets possession of the goods and title to them but payment of the purchase price is deferred.
• D)a sale in which the buyer refuses to buy the goods until certain conditions are met.
• E)a sale in which the buyer has the option to return the goods for a refund.

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Definitions:

Consent Order

A consent order is a legal agreement approved by a judge or regulatory authority, where parties agree to specific terms without admitting guilt or liability.

Illegal Behavior

Actions that violate laws and regulations, subjecting the perpetrator to legal penalties.

Federal Trade Commission

A government agency of the United States tasked with protecting consumers and ensuring a strong competitive market by enforcing antitrust and consumer protection laws.

Federal Trade Commission Act

An Act of Congress that established the Federal Trade Commission (FTC), aimed at preventing unfair competition practices and deceptive consumer acts.