Final answer:
This question pertains to a business deal involving Arnold Company selling to Chester Company, typically encompassed under a Buyer-Seller Agreement or Chester Company Acquisition, and generally referred to as a Business Exchange Deal in business terminology.
Step-by-step explanation:
When we talk about a transaction where the Arnold Company sold to Chester Company, we are describing a business deal that involves two main components: the seller (Arnold Company) and the buyer (Chester Company). An agreement between a buyer and a seller in a business context is typically called a Buyer-Seller Agreement, which is a legally binding contract that outlines the terms and conditions of the sale, including price, delivery, and warranties. If Chester Company is taking over Arnold Company, this might be referred to as the Chester Company Acquisition of Arnold. It could involve various legal and financial arrangements such as purchasing assets or stock of the Arnold Company. Overall, these types of deals can be broadly categorized as Business Exchange Deals, where goods, services, ownership, or other business interests are exchanged between entities.