What does an open agreement lack?

on Aug 25, 2025

By clicking submit, I authorize Arcamax and its affiliates to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Privacy Policy , (2) add to information that I provide with other information like interests inferred from web page views, or data lawfully obtained from data brokers, such as past purchase or location data, or publicly available data, (3) contact me or enable others to contact me by email or other means with offers for different types of goods and services, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

Formal Debt Contract
Receipt
Sale
Record Of Sale

Formal Debt Contract. In an open agreement, the buyer signs a receipt and the seller records the sale in the sales ledger.

ArcaMax

Register for your free account:

Business

ArcaMax

Business Trivia

What does an open agreement lack?

More Business Trivia

Which term is used for a value determined within the context of a model?

In which city is the price of gold "fixed" daily?

Who was fined $100 million in 1986 after being convicted of insider trading?

What stock trades under the symbol "DE" on the NYSE?

How many countries does NAFTA effect?

If someone wanted a nice fragrance, which Unilever PLC (UL) product would he likely buy?

Comments

Related Channels

Bob Goldman

By Bob Goldman

Jill On Money

By Jill Schlesinger

Message for Daily Living

By Zig Ziglar

Succeeding in Your Business

By Cliff Ennico

Terry Savage

By Terry Savage

Comics

Subscribe

Share