_____ Refers to the Process of Acquiring Goods And/or Services

question 53

Short Answer

 _____ refers to the process of acquiring goods and/or services from an outside source.

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Definitions:

Perfect Tender Rule

is a legal principle that requires sellers to deliver goods to buyers that exactly meet the terms of their contract, without any deviations or defects.

Trade Usage

Established practices or methods regularly observed and accepted in a particular industry or trade.

Course of Performance

The manner and history of conduct between parties in a contract that can be used to interpret their agreement's terms.

Good Faith

A principle requiring parties to act honestly and not mislead or withhold critical information in transactions.