The Legal Department Is Needed to Review All Contracts a Project

question 31

True/False

The legal department is needed to review all contracts a project organization enters.The legal department is continually swamped with work and all other departments find themselves waiting on legal before they can begin their work.Legal is the drum for this organization.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.

SEC Registration

The process of filing documents required by the Securities and Exchange Commission for new securities to be sold to the public.

Treasuries

Government debt securities issued by the United States Department of the Treasury to finance government spending as an alternative to taxation.

Factoring Receivables

Selling receivables to a financing source for an amount less than their face value.