Examlex
One of the advantages of personal selling as compared to advertising is:
Jointly
Involves two or more parties working together or sharing a specified obligation or liability.
Severally Liable
When individuals or entities are individually responsible for their own proportion of liability in a debt or claim, instead of being collectively responsible.
Principal Relationship
A legal relationship between two parties in which one, the agent, is authorized to act on behalf of the other, the principal, in business transactions.
Unsecured Credit
A form of credit that is not backed by collateral, making it riskier for lenders since repayment relies solely on the borrower's creditworthiness and promise to pay.
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