A Retailer Is

question 131

Multiple Choice

A retailer is

• A) an intermediary that sells only to other intermediaries.
• B) any intermediary between a manufacturer and industrial markets.
• C) an intermediary that sells to other distributors.
• D) an intermediary that takes possession of a product, alters it in some way, and then sells it to the ultimate consumer.
• E) an intermediary that sells to consumers.

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Definitions:

Valid Will

A valid will is a legal document that has been properly executed in accordance with the laws governing estate distribution, specifying how a person’s property will be divided after death.

Codicil

A supplement or amendment to a will, allowing for changes or additions without requiring the will to be completely rewritten.

Probate

The legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off.

Constructive Trust

A legal remedy imposed to address unjust enrichment, where property is held by someone who should not profit from it.