Both industry standards and how the parties have performed in past dealings play an important role in determining the:
A) buyer's obligations and rights
B) seller's obligations and rights
C) parties' obligations and rights
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

Industry standards and past dealings between the parties are considered when determining the obligations and rights of both parties in a contract or agreement. This encompasses both the buyer's and the seller's obligations and rights, making option C the most comprehensive and accurate choice.

Both Industry Standards and How the Parties Have Performed in Past