A conditional sales contract is useful to the seller because:
A)the firm retains legal ownership of the goods until they are completely paid for.
B)the firm is compensated for their opportunity cost.
C)there is a sequence of scheduled payments.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

A conditional sales contract allows the seller to retain legal ownership of the goods until they are completely paid for, ensuring that they will receive full compensation for their product. Additionally, the contract typically includes a schedule of payments, which ensures that the seller will receive a regular income stream over time. Therefore, all of the options listed in the answer are correct.

A Conditional Sales Contract Is Useful to the Seller Because