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    Fundamentals Of Corporate Finance Study Set 21
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    Exam 20: Credit and Inventory Management
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    If a Seller Requires a Credit Commitment from a Customer
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If a Seller Requires a Credit Commitment from a Customer

Question 307

Question 307

Multiple Choice

If a seller requires a credit commitment from a customer before goods are delivered, a(n) ________________ is in order.


A) Invoice.
B) Open account.
C) Promissory note.
D) Conditional sales contract.
E) Commercial draft.

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