The employees of Martin's Cleaners,a small retail chain of dry cleaner stores and laundromats,are buying the business from the owner,who is retiring.They are offering the owner a percentage of the asking price in cash plus quarterly payments on the balance,with payoff complete in three years.This is an example of:

Question

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This scenario describes a sale for cash plus a note, where the employees offer a portion of the asking price in cash upfront and agree to make quarterly payments on the remaining balance until it is fully paid off within three years.

The Employees of Martin's Cleaners,a Small Retail Chain of Dry