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:

Change Its Technology

Refers to the process of adopting new technologies or modifying existing ones within an organization to improve efficiency or outcomes.

Crises

Events or situations that significantly disrupt the normal operations or threaten the survival of an organization, society, or individual, necessitating urgent and effective responses.

Hyper-Turbulent Environments

Describes highly dynamic and rapidly changing conditions that businesses may face, often characterized by unpredictability and intense competition.

Assimilate Information

The process of absorbing and incorporating new information into one's knowledge base.