Engineering Board Exam Reviewer · ECE · medium

A Memorandum of Agreement (MOA) is generally:

1. A written document setting out the agreed terms between parties, binding if it has the elements of a contract
2. Always non-binding
3. A court decision
4. A type of government license

Answer

A. A written document setting out the agreed terms between parties, binding if it has the elements of a contract

Solution

Whether it binds depends on its contents, not its title.

More ECE questions

1. A non-disclosure agreement (NDA) is used to:
2. A Service Level Agreement (SLA) in an ICT maintenance contract typically specifies:
3. A 'scope of work' (SOW) document defines:
4. Testing and commissioning of an installed system is generally done:
5. A performance guarantee test in an electronic systems contract is conducted to:
6. An extension of contract time is usually justified when delay is caused by:
7. 'Time is of the essence' in a contract means that:
8. A subcontractor is a party who:
9. Substantial completion of a project means that:
10. A 'punch list' prepared near the end of a project contains:

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