An Intermediary That Purchases Goods in Large Quantities, Takes Title

question 13

True/False

An intermediary that purchases goods in large quantities, takes title to the merchandise, and then sells it to retailers or business users is called a commission broker.

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Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Agent Liability

The legal responsibility that agents may have for their actions or inactions during the course of their agency relationship, potentially leading to obligations or damages.

Customer

An individual or business that purchases goods or services from another entity.

Employees

Employees are individuals who work for a business or organization, typically in return for compensation, and are subject to the employer's control in terms of how work is done.