What term refers to the seller in a sales transaction?

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Prepare for the Louisiana Notary Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that refers to the seller in a sales transaction is "vendor." In the context of sales, the vendor is the party that offers goods or services for sale. This term is commonly used in various legal and commercial contexts to identify the individual or entity that holds the responsibility to deliver the goods or perform the services as part of the transaction. The vendor has obligations regarding the quality and condition of the items sold, as well as the terms of sale.

In contrast, terms like vendee and purchaser refer specifically to the buyer in the transaction, meaning they denote the person or entity that receives the goods or services. An agent, on the other hand, is typically someone who acts on behalf of another party, which could be either the buyer or seller, but does not specifically represent the seller in a sales transaction. Understanding these distinctions is crucial for correctly identifying the roles of the parties involved in sales agreements.