To Be a Valid Contract, the Writing of a Contract

question 358

Multiple Choice

To be a valid contract, the writing of a contract under the UCC must be complete as to:

• A) price and quantity
• B) time of payment
• C) all essential terms
• D) all parties involved
• E) none of the other choices

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Definitions:

Outsources

Outsourcing involves contracting out certain business processes or tasks to external providers, often to reduce costs and improve efficiency.

Competency

A combination of skills, knowledge, and behavior that contributes to an individual's ability to perform tasks effectively.

Headcount

The total number of individuals employed by an organization, including all full-time and part-time staff.

Head Office

The primary office or headquarters where the key administrative activities of an organization are conducted.