A Conditional Sales Contract Is an Example of A(n)

question 15

Multiple Choice

A conditional sales contract is an example of a(n) :

• A) chattel paper.
• B) document of title.
• C) negotiable instrument.
• D) investment property.

---

Definitions:

Trade Discounts

Reductions in the listed price of goods or services offered to customers, usually based on volume purchased or early payment.

Customer Discount

A reduction in the price offered to customers, often as an incentive for early payment or as part of promotional efforts.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of purchase.

Sales Discount

From the seller’s perspective, a discount that a seller may offer the buyer for early payment.