A Conditional Sales Contract

question 45

Multiple Choice

A conditional sales contract:

• A)passes title to the goods sold to the buyer at the time the contract is signed.
• B)normally calls for one lump sum payment on the contract payment date.
• C)generally has a built-in interest cost.
• D)is payable immediately upon receipt.
• E)is a formal bid for a project.

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Definitions:

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