________ Are Transactions for Which There Are, at Present, No

question 62

Multiple Choice

________ are transactions for which there are, at present, no contracts or agreements between parties.

• A) Backlog exposure
• B) Quotation exposure
• C) Anticipated exposure
• D) none of the above

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Definitions:

Federal Arbitration Act

A U.S. statute that provides for judicial facilitation of private dispute resolution through arbitration.

Arbitration

A method of dispute resolution where an impartial third party, the arbitrator, makes a decision that is usually binding.

Contract Provisions

Specific clauses or sections within a contract that detail the rights, obligations, and conditions agreed upon by the contracting parties.

E-Discovery

The process of seeking, locating, securing, and searching electronic data with the intent of using it as evidence in a civil or criminal legal case.