In Terms of Conditional Sales Contracts,a(n)________ Contract Occurs When the Seller

question 59

Multiple Choice

In terms of conditional sales contracts,a(n) ________ contract occurs when the seller and buyer agree that the buyer may return the goods at a later time.

• A)sale-on-approval
• B)sale-or-return
• C)condition-on-sale contract
• D)illusory
• E)implied-in-law

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Definitions:

Evil

A moral wrong or wickedness that is often regarded as a profound immorality.

Stoics

A school of ancient philosophy that teaches virtue, understanding, and acceptance of what life offers.

Hedonism

A philosophical theory that pleasure or happiness is the highest good and ultimate goal of human life.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience that one finds enjoyable or fulfilling.