A Contract in Which Title and Risk of Loss Remain

question 41

Multiple Choice

A contract in which title and risk of loss remain with the seller and that provides for the sale subject to the buyer's final decision is a(n) :

• A) endorsement of contract.
• B) sale on approval.
• C) contract to sell.
• D) contract for sale.

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Definitions:

Uncollectible Accounts Receivable

Money owed to a business by its customers that is unlikely to be paid and often written off as a loss.