An Example of a Physical Resource Is the Drilling Platform

question 81

True/False

An example of a physical resource is the drilling platform used by an oil company.

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Definitions:

Binding Contract

An agreement that is legally enforceable in a court of law, requiring all parties to fulfill their obligations as outlined.

Written Acceptance

Formal acknowledgment in writing that an offer or proposal has been received and agreed upon.

Verbal Offer

An offer made orally rather than in written form, often preliminary and less formal.

Legally Binding

A contract or agreement that is enforceable by law, where parties are obligated to fulfill the terms.