Which of the following statements regarding a purchase agreement is TRUE?

A) The contract is binding by both parties
B) The contract may be oral
C) The contract terms must be identical to the terms in the listing agreement

Answer: A) The contract is binding by both parties

Business

You might also like to view...

During his interview, Mike is repeatedly given hypothetical scenarios and asked how he would respond. This is an example of the _____ type of structured interview.

Fill in the blank(s) with the appropriate word(s).

Business

As the service level increases, the probability of not running out of stock during a cycle decreases

Indicate whether the statement is true or false

Business