Which of the Following Is a Condition Required for a Legally

question 140

Multiple Choice

Which of the following is a condition required for a legally binding contract?

• A) discharge of obligation
• B) warranty
• C) mutual acceptance
• D) duress

Understand the basics and functionalities of supplier relationship management (SRM) and customer relationship management (CRM) software.

Comprehend the concept of cross-chain visibility in the supply chain.

Summarize the attributes of high-quality information and its importance in supply chain management (SCM).

Identify the principle supply chain information requirements for effective decision-making.

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Definitions:

Foreign Exchange Gain

Profit derived from the appreciation of one currency against another in the context of foreign exchange trading or transactions.

Foreign Exchange Loss

A loss resulting from the devaluation of the home currency against a foreign currency in transactions.

Forward Exchange Contract

A financial agreement to exchange a set amount of currencies at a specified rate on a predetermined future date.