BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sells
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Agrees to sell
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Both (a) & (b)
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None of the above
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Detailed explanation-1: -A seller is any individual or entity that offers any product, service, or financial asset for purchase. Short selling involves borrowing securities not owned to sell, with the aim of buying them back at a lower price. A seller of options is known as a “writer, ” who collects the premium from the buyer.
Detailed explanation-2: -Buyer And Seller. As per the sec 2(1) of the Act, a buyer is someone who buys or has agreed to buy goods. Since a sale constitutes a contract between two parties, a buyer is one of the parties to the contract. The Act defines seller in sec 2(13). A seller is someone who sells or has agreed to sell goods.
Detailed explanation-3: -Seller-This is defined in section 2(13) and defined as a person who either sells or agrees to sell certain products. The seller appears as one of the parties in the contract of sale.
Detailed explanation-4: -These three classifications include those sellers that pro act, sellers that react, and sellers that are looking for a strategic partnership.