Parker Computer Company Is Considering Entering into Collaboration with Sandlot

question 49

Multiple Choice

Parker Computer Company is considering entering into collaboration with Sandlot Software Company,but is not sure if the resources of Sandlot are a good fit.How would you address this concern?

• A) Do not enter into the agreement until you are 100 percent sure of the fit.
• B) It may be difficult to determine the fit. Research it the best you can and then go with it.
• C) Resource fit does not matter; all that really matters is cooperativeness.
• D) Purchase insurance to cover any uncertainty you feel.

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Definitions:

Adequacy Of Consideration

Evaluation of whether the value exchanged in a contract is fair and sufficient, although the law often requires only some value to be exchanged.

Electronic Commerce Legislation

Laws and regulations that govern online business transactions.

Internet Transactions

Deals or agreements made or executed over the internet involving goods, services, or digital products.

Electronic Contracts

Legal agreements that are created, signed, or stored in digital form, often involving transactions or terms agreed upon through electronic means.