Extension of Credit to InfoSearch​You Have Received a Request for Credit

question 32

Essay

Extension of Credit to InfoSearch​You have received a request for credit from a company called InfoSearch for online databases available from your company. You are a vendor for information databases, and subscribers to your services may contract for 12-month access to this information. You offer various service packages that provide access to specific databases. InfoSearch wants the Standard Package which allows access to a selection of your company's available databases. The extension of credit will allow InfoSearch to order additional levels of service as needed and pay for them on a monthly basis.​Required: Send a letter stating that credit is granted to Andrea Schmidt at InfoSearch.

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Definitions:

Written Document

A piece of written, printed, or digital matter that provides information or evidence.

Quantity of Goods

The specific amount or number of items being bought, sold, or produced.

Assignees

Parties to whom rights or properties have been legally transferred, particularly used in contexts involving contracts or estates.

Assignor

An assignor is a person or entity that transfers rights or interests in a particular property, contract, or other asset to another party, called the assignee.