Between 1996 and 2007 U

question 6

Multiple Choice

Between 1996 and 2007 U.S.spending on 3PL service increased by:

• A) $81 Billion
• B) $91 Billion
• C) $100 Billion
• D) $122 Billion

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Definitions:

Writing Requirement

A legal standard mandating that certain contracts or agreements must be in written form to be considered valid, often to ensure clarity and evidence of the terms.

Merchants

Business people or companies engaged in retail or wholesale trade of goods or services.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties involved, ensuring enforceability.

Unconscionable

Refers to actions or terms in contracts that are so unfair or oppressive to one party that no reasonable or informed person would agree to them.