Merge-In-Transit Is a Model in Which Components for a Product

question 59

True/False

Merge-in-transit is a model in which components for a product come from two or more different physical locations.For example,in shipping a desktop PC,the monitor may come from the East Coast of the United States and the CPU from the West Coast.

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Definitions:

Implied-In-Fact Contract

A contract formed by the actions and circumstances of the parties involved, rather than written or spoken words.

Licensing Statute

Legislation that specifies the requirements and conditions for obtaining a professional or business license to legally operate.

Illegal And Unenforceable

Describes contracts that cannot be legally upheld or enforced due to the inclusion of illegal acts or elements.

Usury

The lending of money at an exorbitant or unlawful rate of interest.