In Interpreting a Contract,terms Which Have Been Separately Negotiated Are

question 34

True/False

In interpreting a contract,terms which have been separately negotiated are given priority over standardized,pre-printed terms.

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Definitions:

EOM

End of Month, a term often used in business and finance to denote activities, reports, or payments that are due or completed at the end of each calendar month.

Settle

To resolve or conclude (a transaction or dispute), ensuring all terms are met and any necessary payments are made.

Invoice

An Invoice is a document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services.

Payment

The act of transferring money, goods, or services as an exchange to fulfil a legal obligation or purchase.