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Suppliers Who Are Dependable in Their On-Time Delivery, Order Completeness

question 9

Multiple Choice

Suppliers who are dependable in their on-time delivery, order completeness, and order-cycle time are most likely to be differentiated based on ________.


Definitions:

Promissory Estoppel

A legal principle that prevents a party from reneging on a promise, even in the absence of a formal contract, if the other party has relied on that promise to their detriment.

Partial Performance

The situation where a party to a contract completes some but not all tasks or obligations agreed upon, often debated in legal disputes regarding contract enforcement and compensation.

Prenuptial Agreement

An agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other party’s property. To be enforceable, it must be in writing.

Statute Of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties involved to be enforceable.

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