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Using the following information about material volume shipped from a factory to four retail outlets, find the best location for the factory using the center-of-gravity method. Which one of the following statements is TRUE for this set of center-of-gravity data?
Indemnity
A contractual obligation of one party to compensate for the loss or damage suffered by another.
Writing Requirements
Legal stipulations that certain contracts or agreements must be written and signed to be legally binding.
Conditional Sale Contract
An agreement for the sale of goods where the purchase price is paid in instalments and the title of the goods remains with the seller until the full purchase price is paid by the buyer.
Security Agreement
A legal contract that grants a lender a security interest in an asset, which acts as collateral for a loan, should the borrower default.
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