Which of the Following Term Best Describes the Contractual Relationship

question 31

Multiple Choice

Which of the following term best describes the contractual relationship characteristic of a preferred supplier? 

• A) Quality agreement. 
• B) Annual agreement (1 year). 
• C) Design contract. 
• D) Order to order.

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Definitions:

UPA

Uniform Partnership Act; a law that governs the operations of partnerships in the United States.

Capital City Partnership

A collaboration or alliance formed between businesses, government entities, and/or non-profit organizations aimed at promoting economic development in a city's capital area.

Assets Distribution

The process of allocating a company's or estate's assets to creditors, shareholders, or heirs according to legal agreements or laws.

Creditors

Individuals or institutions to whom money is owed by debtors or borrowers.