Documenting Age,condition,and Reliability of All Equipment and Mechanical Systems Is

question 40

True/False

Documenting age,condition,and reliability of all equipment and mechanical systems is part of an equipment maintenance program.

---

Definitions:

Unauthorized Contract

An agreement made by a person who does not have the legal authority to do so on behalf of a party.

Ratifies

The act of formally approving or confirming a decision or agreement, making it officially valid.

Valid

Legally sound, effective, and binding.

Contract for Sale

A legally binding agreement where one party agrees to sell and another agrees to buy goods or property under specified terms and conditions.