A company is not obligated to pay for goods until 30 days after the goods are received.

Question

Quizplus · Accepted Answer

A company may have different payment terms negotiated with their suppliers, but they are generally expected to pay for goods within a reasonable time frame, typically within 30 days of receipt unless otherwise agreed upon. However, there is no legal obligation for a company to pay for goods exactly 30 days after they are received.

A Company Is Not Obligated to Pay for Goods Until