Buyer's rights
Encyclopedia
Buyer
's rights refers to the right
that a person has to take a percentage
of goods that have been bought for another person. This percentage is typically 10%, however, it can increase if the buyer has to travel far to retrieve the goods.
Buyer
When someone gets characterised by their role as buyer of certain assets, the term "buyer" gets new meaning:A "buyer" or merchandiser is a person who purchases finished goods, typically for resale, for a firm, government, or organization...
's rights refers to the right
Rights
Rights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people, according to some legal system, social convention, or ethical theory...
that a person has to take a percentage
Percentage
In mathematics, a percentage is a way of expressing a number as a fraction of 100 . It is often denoted using the percent sign, “%”, or the abbreviation “pct”. For example, 45% is equal to 45/100, or 0.45.Percentages are used to express how large/small one quantity is, relative to another quantity...
of goods that have been bought for another person. This percentage is typically 10%, however, it can increase if the buyer has to travel far to retrieve the goods.