Which of the Following Is an Output of the Contract

question 19

Multiple Choice

Which of the following is an output of the contract closure process?

• A)Procurement statements of work
• B)Updates to organizational process assets  
• C)Resource calendars
• D)Work performance information

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Definitions:

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties to their positions prior to the agreement.

Mutual Agreement

An understanding or contract reached between two or more parties, often formalized by a document, indicating a concurrence of wills or intentions.

Accord And Satisfaction

A contractual agreement where a dispute is settled by the parties involved agreeing to give and accept something of value in resolution.

Condition

A stipulation or prerequisite in a contract or agreement that must be met for the agreement to be fully enforceable.