Which of the Following Transaction(s)involve(s)credit

question 2

Multiple Choice

Which of the following transaction(s) involve(s) credit?

• A)COD
• B)COD and CBD
• C)CBD
• D)2/30, net 60 and 2/10, EOM, net 60

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Definitions:

Negligence Per Se Doctrine

is a legal principle where an act is considered negligent because it violates a statute or regulation.

Local Ordinance

A law or regulation enacted by a municipal or county government specific to the area under its jurisdiction.

Public Policy

Principles and standards considered by a government in the interest of all citizens that guide legislative, regulatory, and judicial actions.

Strict Liability

A legal standard that holds parties responsible for damages or injuries caused by their actions or products, regardless of fault or intent.