If the Buyer and Seller Do Not Have an Agreement

question 10

Multiple Choice

If the buyer and seller do not have an agreement for where the goods are to be delivered, the goods should be delivered at the _____.

• A) seller's place of business
• B) seller's house, even if the seller has a place of business
• C) buyer's house
• D) buyer's place of work

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Definitions:

Emolument

A salary, fee, or profit from employment or office - the compensation received for work or services provided.

Indemnity

A financial compensation for loss or damage incurred, or a protection against future financial liabilities.

Reimbursement

The act of compensating someone for an expense they have incurred, often related to business costs or healthcare expenses.

Fringe Benefits

These are additional compensations provided to employees beyond their regular salaries, such as health insurance, car allowances, or retirement benefits.