Asked by Angela Calacino on Sep 30, 2024
Generally,the terms of a standardized contract are negotiable.
Standardized Contract
A pre-determined, template agreement used in numerous transactions without substantial modification.
Negotiable
Capable of being transferred or modified through discussion or bargaining; also refers to financial instruments that can be transferred freely.
- Comprehend the negotiability and characteristics of standardized contracts.
Learning Objectives
- Comprehend the negotiability and characteristics of standardized contracts.
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