Advance payment is common in each of the following situations EXCEPT when ________.
A)two parties are unfamiliar with each other
B)two parties are very familiar with each other
C)the transaction is for a relatively small amount
D)the buyer is unable to obtain credit

Question

Quizplus · Accepted Answer

Advance payment is not common when two parties are very familiar with each other, as trust and established relationship between them eliminates the need for such precautionary measures.

Advance Payment Is Common in Each of the Following Situations