ACI
3I0-012 · Question #584
3I0-012 Question #584: Real Exam Question with Answer & Explanation
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Question
You deal over the phone with a counterparty. The subsequent confirmation differs from the terms agreed verbally. What is the result?
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.
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