Examlex

Solved

A(n)_____ Is a Middleman Business Which Buys and Sells to Businesses

question 95

Multiple Choice

A(n) _____ is a middleman business which buys and sells to businesses rather than consumers.


Definitions:

Promisor

An individual or entity that makes a promise or commitment in a contract to perform some specified action in the future.

Promisee

The person to whom a promise is made in a contract, to whom the promisor has an obligation.

Promissory Estoppel

A legal principle that prevents a person from going back on a promise, even if it was not formally made as a contract, if it was reasonable to rely on that promise and doing so caused harm.

Refund

A repayment to someone of money they have previously paid.

Related Questions