Depositions Are

question 41

Multiple Choice

Depositions are

• A) oral questions, answered orally, asked of parties and witnesses.
• B) oral questions, answered orally, asked only of parties.
• C) written questions, answered in writing, asked of parties and witnesses.
• D) written questions, answered in writing, asked only of parties.

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Definitions:

Net 30

A payment term indicating that full payment is due within 30 days of the invoice date.

Terms

Conditions and parameters under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and maturity date.

Cost of Trade Credit

The cost associated with the terms of credit extended by suppliers, including discounts for early payment and penalties for late payment.

Paying Late

Paying late refers to the action of failing to meet the due date for a financial obligation, which can lead to late fees, interest charges, and negative impacts on credit scores.