Optimized Production Technology (OPT) Was Introduced by Whom in the Late

question 130

Essay

Optimized production technology (OPT) was introduced by whom in the late 1970s, and what does it do?

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Definitions:

Tender of Delivery

The act of offering to deliver goods to a buyer in fulfillment of a contract, usually done in a manner prescribed or agreed upon.

Conforming Goods

Products that meet the specifications and standards outlined in a purchase contract including quality, quantity, and other clearly defined characteristics.

Uniform Commercial Code

A set of laws that provide a standardized and comprehensive framework for the regulation of commercial transactions across the United States.

Cure

A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.