A Technology That Is Used to Electronically Transfer Routine Documents,such

question 26

Multiple Choice

A technology that is used to electronically transfer routine documents,such as invoices and purchase orders,and for financial transactions is ________.

• A)electronic funds transfer (EFT)
• B)exchange-to-exchange
• C)electronic data interchange (EDI)
• D)peer-to-peer

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Definitions:

Parol Evidence Rule

A rule in contract law that prevents parties from presenting evidence of prior or contemporaneous agreements that would contradict the terms of a written contract.

Ambiguous Terms

Words or phrases in a contract or agreement that are unclear and open to more than one interpretation.

Admission

A statement acknowledging the truth of something, often used in a legal context to refer to an acknowledgment of facts or responsibility.

Statute of Frauds

is a legal principle that requires certain contracts to be in writing and signed by the party to be charged, in order to be enforceable.