Agent Wholesalers Do Not Own the Products They Sell, but They

question 148

True/False

Agent wholesalers do not own the products they sell, but they usually perform even more functions than a service wholesaler.

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Definitions:

Enforceable

A term describing a contract or provision that is legally binding and can be upheld in court.

Postbox Rule

A legal principle in contract law stating that an offer is considered accepted at the moment the acceptance is dispatched by the offeree, not when it is received by the offeror.

Revocation

The process of formally withdrawing, cancelling, or annulling a decision, offer, or legal power.

Valid Contract

An agreement between two or more parties that is enforceable by law, meeting essential elements such as offer, acceptance, consideration, and legal purpose.