Examlex

Solved

The Fact That Lawyers Must Be Licensed by the State

question 58

Multiple Choice

The fact that lawyers must be licensed by the state of California is an example of:


Definitions:

Principals

The original amount of money invested or loaned, not including interest or earnings.

Net Proceeds

The amount sent to the consignor as a result of consignment sales; gross proceeds minus charges.

Commission

A fee or percentage given to a salesperson, agent, or broker for facilitating or completing a sale or transaction.

Consignment

Goods from a producer to a commission merchant for sale at the best possible price.

Related Questions