Credit Terms of 2/10,n/30 Indicate That a 2% Discount May

question 163

True/False

Credit terms of 2/10,n/30 indicate that a 2% discount may be taken if the invoice is paid within 10 days,but the total invoice amount is due if paid on the 11^th through the 30^th day after the invoice date.

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Definitions:

Meyer v. Nebraska

A 1923 Supreme Court case that ruled a Nebraska law restricting foreign-language education violated the Fourteenth Amendment, emphasizing individual rights.

Fourteenth Amendment

Ratified in 1868, this U.S. Constitutional amendment granted citizenship to all persons born or naturalized in the United States, including former slaves, and provided all citizens with “equal protection under the laws.”

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Fundamentalists

Individuals or groups who advocate for a strict and literal interpretation of religious texts and doctrines, often in opposition to modernist or secular views.