The relationship between two contracting parties, occupying adjoining levels in a product distribution system is known as _____.
A) preemption
B) warranty
C) vertical privity
D) implied warranty
E) express warranty

Question

Quizplus · Accepted Answer

Vertical privity refers to the contractual relationship between two parties at different levels of a distribution system, such as a manufacturer and a retailer. It outlines the terms of their contract and the obligations that both parties have towards each other.

The Relationship Between Two Contracting Parties, Occupying Adjoining Levels in a Product