Contracts Between Two or More Parties Do Not Allow the Shifting

question 27

True/False

Contracts between two or more parties do not allow the shifting of risk between the entities and do not constitute the foundation and fabric for every type of supply chain relationship.

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Definitions:

House or Senate

Two main chambers of the United States Congress, with the House of Representatives and the Senate responsible for making federal laws.

Mandated Laws

Regulations or statutes enacted by legislative bodies that require individuals or organizations to perform specific actions.

Congress

The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.

Constitution

The fundamental set of laws and principles that establishes the framework and governance structure of a nation or organization.