Ask Question
BusinessBusiness
24 September, 11:35

A mutual agreement between two or more parties to engage in a transaction which provides benefits to each party is known as what?

+5
Answers (1)
  1. 24 September, 12:52
    0
    This type of agreement is known as Memorandum of Agreement. In a MoA (Memorandum of Agreement), two parties or more agrees to work together on a project or a certain objective.

    This can include mutual trading of goods and services, which would later on be arranged in a contract. The use of this agreement is to ensure that both parties are now legally bonded to honor their parts in the agreement.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A mutual agreement between two or more parties to engage in a transaction which provides benefits to each party is known as what? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Mount Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required 5 direct labor hours to complete. What is the total fixed cost if the variable cost was $1.50 per direct labor-hour? A. $2,600 B. $5,600 C.
Answers (1)
Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $400,000; estimated uncollectible = 8%. 2.
Answers (1)
Snyder, Inc. manufactures three types of golf balls; the Worm-burner, the Escalator, and the Slice. Over the past year, variable expenses (related to sales price) have been 32%, 40%, and 20%, respectively.
Answers (2)
The 2016 balance sheet of Microsoft Corp. reports total assets of $193,694 million, operating liabilities of $68,010 million, and total shareholders' equity of $71,997 million. Microsoft 2016 nonoperating liabilities are: Select one: A.
Answers (1)
Bellue Inc. manufactures a single product. Variable costing net operating income was $115,600 last year and its inventory decreased by 2,300 units. Fixed manufacturing overhead cost was $4 per unit for both units in beginning and in ending inventory.
Answers (1)
New Questions in Business
What should be used to keep a tablet dry? Digitizer Plastic bag Protective cover Waterproofing seal
Answers (1)
Housing prices have begun to drop. New home construction has stopped and fewer run-down houses are being repaired. (Use the graphs from the Supply and Demand Guide.)
Answers (1)
Bustillo Inc. is working on its cash budget for March. The budgeted. 3 Bustillo Inc. ts working on ts cash budget for March. The budgeted beginning cash balance is $40,000.
Answers (1)
Transfer payments are: a. a redistribution of funds from one individual to another individual in the economy. b. another term for government taxation. c. a means by which government raises funds. d. counted in gdp.
Answers (1)
A corporation owns many acres of timber, which it acquired three years ago, and which has a $120,000 basis. The timber was cut last year for use in the corporation's business. The FMV of the timber on the first day of last year was $270,000.
Answers (1)
Home » Business » A mutual agreement between two or more parties to engage in a transaction which provides benefits to each party is known as what?
Sign Up Forgot Password?