Which of the Following Is an Example of a Limited-Function

question 319

Multiple Choice

Which of the following is an example of a limited-function merchant wholesaler?

• A) Cash-and-carry wholesaler
• B) Broker
• C) Mill supply house
• D) General-line wholesaler
• E) Specialty wholesaler

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Definitions:

Nondisclosure Agreement

A legal contract between parties to keep certain shared information confidential.

Contractual Capacity

This term refers to the ability of a party to legally enter into a contract, often requiring them to be of a certain age and have a sound mind.

Objective Impossibility

Objective impossibility occurs when it is not feasible to perform an act or fulfill a contract due to external factors, rendering the act or contract physically or legally impossible to complete.

Commercial Impracticability

A doctrine in contract law allowing parties to be discharged from their obligations when unforeseen events greatly increase the difficulty of performance.