Polaris Corporation Has Made an Agreement to Ship Goods to a Foreign

question 75

Multiple Choice

Polaris Corporation has made an agreement to ship goods to a foreign firm with whom they have not entered into a contract for three years. However, the firms have communicated regularly since the last sale three years ago. This is an example of an:

• A) unaffiliated known party transaction.
• B) unaffiliated unknown party transaction.
• C) affiliated party transaction.
• D) none of the above