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The critical path in a network diagram illustrates the:
Letter-Of-Credit
A financial instrument issued by a bank guaranteeing a buyer's payment to a seller, providing security in international trade transactions.
Formal Contract
A legally binding agreement, often in written form, that explicitly outlines the terms and conditions agreed upon by the parties involved.
Informal Contract
A non-official agreement that lacks the formalities of a written contract but is still legally binding.
Binding Contract
A legal agreement between parties that is enforceable by law, where each party is obliged to fulfill their promises or face legal consequences.
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