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What does buyer mean in business?

A Buyer, or Purchasing Agent, is responsible for purchasing materials, supplies or equipment for a business. Their duties include negotiating deals with suppliers, researching possible item selections and taking inventory of current products.

Who is called as a buyer?

1. a person who buys; purchaser. 2. a purchasing agent, as for a department or chain store.

When can a seller terminate a real estate contract Colorado?

In Colorado, a seller can get out of a real estate contract if the buyers contingencies are not metthese include financial, appraisal, inspection, insurance or home sale contingencies agreed to in the contract. Sellers might have additional exit opportunities with unique situations also such as an estate sale.

What is buyer in accounting?

For accounting purposes, the buyer records products in transit as purchases and lists those items as inventory, ing to AccountingCoach, an accounting information website. The seller reports a sale at the time of product shipping. The sellers accounts receivable should reflect the total sale amount.

Who is a buyer and seller?

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.

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