A "stipulated sum contract," commonly referred to as a lump sum contract, is a construction contract where the contractor consents to finish the project for a predefined, fixed amount.
<h3>What its means contract?</h3>
The simplest definition of something like a contract is a commitment that is legally binding. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically presenting an offer and the other accepting it.
<h3>What are contracts in law?</h3>
A contract is an agreement that is legally binding; I A contract is an agreement that is legally binding at one or both of the parties' discretion but not at the discretion of the other party or parties.
To know more about contract visit:
brainly.com/question/28502672
#SPJ4
Answer:
c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.
Explanation:
- Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
- In our case for locational arbitrage one will have to buy Indian rupee from National bank at the ask rate and then sell them to American bank at the bid rate to make profit.
Answer:
The credit card is the most effective method of payment.
Explanation:
The store will not ship the item until the payment is accredited to their account. Because of this, Jill needs to pick the payment method that have the fastest clear time.
The Check: usually takes about two business days for a deposited check to clear.
Money Order: It depends on the bank. Some banks allow for money orders to be cleared and deposited almost immediately, and some require at least one business day for it to clear.
Credit Card: almost all the time payments can take place immediately.
The obvious choice is Credit Card payment for the instant clear of the funds in the store account.
