You Deal Over the Phone with a Counterparty

question 535

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 written contract.
• B) The matter will have to be submitted to arbitration in order to establish the mutual intent of the parties.
• C) It depends on local law.
• D) The verbal agreement is binding.

---

Definitions:

Verbally Challenged

Refers to individuals who have difficulty in expressing themselves through spoken language.

Wiki's Discussion Facility

A feature on wiki platforms that allows users to comment on content, engage in discussions, and collaborate on topics.

Published Content

Material such as articles, books, and videos that has been made available to the public through print or digital media.

Graphic Design

The art and discipline of creating visual content to communicate messages, ideas, or concepts.