In the Absence of an Agreement for the Extension of Credit

question 12

True/False

In the absence of an agreement for the extension of credit to the buyer for the purchase of goods,and until the buyer pays for the goods or performs whatever actions the contract requires,the seller has the right to retain possession of the goods.

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Definitions:

Direct Message

A private form of communication between social media users or within messaging applications, not visible to the public.

Detailed Explanation

An elaborate and comprehensive description of a concept, process, or idea that clarifies and elucidates its components.

Clear Purpose

Denotes having a distinct aim or goal, often critical in communication, project planning, or objective setting.

Negative Message

Communication that conveys rejection, refusal, or other unwelcome news.