Which of the following contains the complete terms and conditions which both the partners agree to be bound by as a participant in the partner program?
A.
Business Partner Agreement
B.
Document automation
C.
Indenture
D.
Implicit contract
Explanation:
Business Partner Agreement (BPA) contains the complete terms and conditions which both the partners agree to be bound by as a participant in the partner program. This program comes into action once the application to participate in the Program is accepted by both the partners. Answer option B is incorrect. Document automation is the design of systems and workflow that assist in the creation of electronic documents.Answer option D is incorrect. Implicit contract refers to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services.
Answer option C is incorrect. An indenture is a legal contract reflecting a debt or purchase obligation, specifically referring to two types of practices: in historical usage, an indentured servant status, and in modern usage, an instrument used for commercial debt or real estate transaction.