In Relation to the Question of Whether the Parties Could

question 12

Essay

In relation to the question of whether the parties could be objectively seen to intend to create legal relations,the courts take into account a number of factors.What are those factors?

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Definitions:

Materials Per Unit

The quantity of materials required to manufacture a single unit of product, often used in costing and budgeting.

Total Pounds Needed

A quantity measurement usually used in manufacturing or production to indicate the total weight of material required.

Ending Direct Materials

The value of materials available for use at the end of an accounting period after accounting for all usage and purchases.

Direct Materials Purchases

The acquisition of raw materials used directly in the manufacturing of products, considered part of the inventory costs.