In a Conditional Sales Contract,a Contract Is a ______ If

question 12

Multiple Choice

In a conditional sales contract,a contract is a ______ if the seller allows the buyer to take possession of the goods before deciding whether to complete the contract by making the purchase.

• A) Sale-on-approval contract
• B) Sale-or-return contract
• C) Condition-or-sale contract
• D) Return-or-purchase
• E) Return-or-sale

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Definitions:

Poverty

A socio-economic condition characterized by a lack of financial resources and access to basic needs such as food, shelter, and healthcare.

Socioeconomic Status

A combined measure that typically includes a person's income, education level, and occupation to classify their position within society.

Internal Stratification

The division of a society or group into different levels or statuses, based on socio-economic conditions or other criteria, occurring within a particular society or entity.

International Stratification

The hierarchical arrangement of countries or nations based on economic, social, or political criteria, leading to inequalities in wealth, power, and status.