Polaris Corporation has made an agreement to ship goods to a foreign firm with whom they have not entered into a contract for three years. However, the firms have communicated regularly since the last sale three years ago. This is an example of an:

Question

Quizplus · Accepted Answer

This transaction involves parties who are not affiliated and have a history of communication but not a current contractual relationship, making it an unaffiliated known party transaction.

Polaris Corporation Has Made an Agreement to Ship Goods to a Foreign