You deal over the phone with a counterparty. The subsequent confirmation differs from the terms agreed verbally. What is the result?

Question

Options

• AThe confirmation takes precedence as it is a written contract.
• BThe matter will have to be submitted to arbitration in order to establish the mutual intent of the parties.
• CIt depends on local law.
• DThe verbal agreement is binding.

• A
  6% (1)
• B
  6% (1)
• C
  19% (3)
• D
  69% (11)

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