A(n) _____ is an independent party that holds a buyer's payment until the buyer receives the purchased item and is satisfied that the item is what the seller represented it to be.
A) snipe
B) liquidation broker
C) escrow service
D) auctioneer

Question

Quizplus · Accepted Answer

An escrow service is an independent party that holds a buyer's payment until the buyer receives the purchased item and is satisfied that the item is what the seller represented it to be. This helps to ensure a secure and fair transaction for both parties. Snipe refers to bidding on an auction item at the last second, liquidation broker is a type of intermediary that helps companies sell off excess inventory or assets, and auctioneer is someone who conducts an auction.

A(n) _____ Is an Independent Party That Holds a Buyer's