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When a Supplier Is the Only Source of a Component

question 53

Multiple Choice

When a supplier is the only source of a component or service, it would have a high level of ________ to the buyer.


Definitions:

Legally Binding

An agreement or contract that is enforceable by law, meaning parties involved must adhere to its terms.

Primary Sources

Documents, objects, or other sources of information that were created at the time under study, providing direct evidence about the past.

Legal Encyclopedias

Comprehensive reference works that provide summaries of the law on various topics across numerous jurisdictions.

Annotation

A brief comment explaining a legal point or a case summary found in a case digest or other legal source.

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