Which one of these is NOT included in the steps to simplify your life?

A contract under which a seller bills a customer for a product but the seller retains physical possession of the product until it is transferred to the customer at a point in time in the future.

(a) bill-and-hold arrangement (b) contract liability (c) upfront fees (d) franchisor

A contract can be rescinded if there was fraudulent or negligent misrepresentation, but not if there was innocent misrepresentation

Indicate whether the statement is true or false