Maxime Talbot Is Concerned That His Client's Control System Has

question 1

Multiple Choice

Maxime Talbot is concerned that his client's control system has a risk of the wrong price being charged on the purchase invoice by the supplier. At which transaction stage would this
Risk be reviewed?

• A) purchase requisition transaction
• B) receiving transaction
• C) purchasing transaction
• D) none of the above

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Definitions:

Letter of Acceptance

A formal document issued to acknowledge agreement to the terms of a contract, often marking the commencement of the contractual obligations.

Postbox Rule

A principle in contract law that an offer is considered accepted when the acceptance letter is dispatched, not when it is received.

Time of Mailing

The specific date and time at which mail is officially accepted by a postal service for delivery.

Postbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched by the offeree, not when it is received by the offeror.