Which of the following does not constitute a 'formal agreement'?
A) A contract.
B) A purchase order.
C) An invoice.
D) A verbal agreement.

Question

Which of the following does not constitute a 'formal agreement'? 
A) A contract. 
B) A purchase order. 
C) An invoice. 
D) A verbal agreement.

Quizplus · Accepted Answer

A verbal agreement does not constitute a formal agreement as it is not documented in writing and may not provide clear terms and conditions. A formal agreement typically refers to a legally binding document that outlines the terms, conditions, and obligations of a business relationship between two or more parties, such as a contract or purchase order. An invoice is also not necessarily considered a formal agreement, but rather a record of payment due for goods or services rendered.

Which of the Following Does Not Constitute a 'Formal Agreement