You Deal Over the Phone with a Counterparty

question 57

Multiple Choice

You deal over the phone with a counterparty. The subsequent confirmation differs from the terms agreed verbally. What is the result?

• A) The confirmation takes precedence as it is a writt
• B) The matter will have to be submitted to arbitratio
• C) It depends on local law.
• D) The verbal agreement is binding.

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Definitions:

Invisible Barrier

An unseen obstacle or hindrance that prevents individuals or groups from advancing beyond a certain point, particularly in professional contexts.

Personality Conflicts

Disagreements or clashes arising from differing personal traits, values, or beliefs among individuals.

Group Work

Collaborative efforts of a group of people working together to achieve common objectives or tasks, emphasizing collective responsibility.

Work Styles

Work styles refer to the various methods, approaches, and habits individuals employ to complete their tasks effectively in a workplace setting.