A Term Becomes an Express Term of a Contract When

question 27

Multiple Choice

A term becomes an express term of a contract when:

• A)included in a signed, written contract or brought to the attention of the other party by reasonable notice.
• B)it is a significant or important term.
• C)it is necessary for the proper performance of the contract.
• D)it was not specifically agreed upon but was implied by statute or the operation of a legal rule.

Understand changes in trash generation trends in the United States.

Analyze improvements in energy efficiency through output relative to energy consumption.

Identify drivers of resource demand over time.

Trace the historical trends of world commodity prices.

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Definitions:

Purchase Discounts

A reduction in the price paid for goods or services, often granted by the seller as an incentive for early payment.

Freight-In

Freight-in concerns the shipping costs of receiving goods to be sold or used in production, added to the cost of purchased inventory.

Sales Returns and Allowances

Concessions made by the seller, including refunds and reductions in the original selling price for returned goods or deficiencies.

Operating Expenses

Expenses incurred from a company's primary business activities, excluding cost of goods sold, such as rent, salaries, and utility bills.