Supplier Vendor Agreement Flashcards
1
Q
Which of the following items must never be agreed upon utilizing a form titled Purchase Order?
A. Labor
B. Material
C. Overhead
D Rental Equipment
A
Labor
2
Q
Which test is most commonly used to determine if a contract is predominantly for services or for the sale of goods?
A
Predominate Thrust Test
3
Q
Which test focuses primarily on that part of the contract that UCC applies to goods and general contract law applies to the services portion of the transaction?
A
Divisibility Test
4
Q
If the Shipping terms are FOB JOBSITE, which parties is the Bill of Lading between?
A
Common carrier and the vendor
