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Which of the following is true about distress sales?

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It refers to the farmers selling off their rotten crops

It refers to the farmers selling off their crops at very low prices

It refers to the farmers selling off their crops through commissioning agents

None

answer is B.

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Detailed Solution

Correct answer is It refers to the farmers selling off their crops at very low prices.

Distress sales often result in a financial loss for the seller who, for reasons of economic duress, must accept a lower price.

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