PrepAway - Latest Free Exam Questions & Answers

Which of the following contains the complete terms and conditions which both the partners agree to be bound by

Which of the following contains the complete terms and conditions which both the partners agree to be bound by as a participant in the partner program?

PrepAway - Latest Free Exam Questions & Answers

A.
Business Partner Agreement

B.
Document automation

C.
Indenture

D.
Implicit contract

Explanation:
Business Partner Agreement (BPA) contains the complete terms and conditions which both the partners agree to be bound by as a participant in the partner program. This program comes into action once the application to participate in the Program is accepted by both the partners. Answer option B is incorrect. Document automation is the design of systems and workflow that assist in the creation of electronic documents.

Answer option D is incorrect. Implicit contract refers to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services.

Answer option C is incorrect. An indenture is a legal contract reflecting a debt or purchase obligation, specifically referring to two types of practices: in historical usage, an indentured servant status, and in modern usage, an instrument used for commercial debt or real estate transaction.


Leave a Reply