A Purchase Order Is Sent from a Company's

question 66

Multiple Choice

A purchase order is sent from a company's

• A)purchasing department to the supplier.
• B)requesting department to the supplier.
• C)requesting department to its accounting department.
• D)treasurer to the supplier.

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Definitions:

Clause

A specific provision or section within a contract or legal document that stipulates particular terms, conditions, or obligations.

Frustrated Contract

A legal concept describing a contract that, due to unforeseeable circumstances, has become impossible to perform, thus being voided without penalty to either party.

Material Alteration

The major alteration of an agreement that has the effect of discharging the contract and replacing it with another.

Renegotiate

The process of revising the terms and conditions of an existing contract through mutual agreement between the involved parties.