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?

Question

Options

• ABusiness Partner Agreement
• BDocument automation
• CIndenture
• DImplicit contract

• A
  91% (52)
• B
  2% (1)
• C
  2% (1)
• D
  5% (3)

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

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