on january 5, merkel inc. purchases office equipment for its new branch office from norbert company. merkel requests that the equipment be delivered after the renovation of the branch location is completed. this agreement is referred as a:

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04-11-2022
Business

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on january 5, merkel inc. purchases office equipment for its new branch office from norbert company. merkel requests that the equipment be delivered after the renovation of the branch location is completed. this agreement is referred as a:

Sagot :

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KhiradAfaq KhiradAfaq · Answer 1 · 2022-11-08T10:22:11-05:00

This settlement is referred as a invoice-and-keep settlement.

The required details for Bill and keep agreements in given paragraph

Bill and keep agreements represent a income association wherein the customer can pay for the object or objects a vendor is offering, however the vendor does now no longer deliver or supply them proper away however at a later date. A invoice and keep is a sort of income association that allows fee in advance of the shipping of the object. It constitutes a income association wherein a vendor of a product payments a client for the product prematurely however does now no longer deliver the product till a later date. For a switch of possession to arise and the product to be dispatched out, sure situations should be met.

These situations consist of fee for the products, that the products be segregated from all different comparable items with the aid of using the vendor, and that the products be completed and prepared for use.

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