Quiz 2 key answers | Customerjourneys

Quiz 2 - Key Answers
Legal Agreements: UK Platforms & Clients

Question 1

In which type of agreement is the typically used for renting virtual offices for short-term with flexible administrative purposes?

A. Lease/Tenancy Agreement.
B. License Agreement.
C. Sublease Agreement.
D. Procurement Contract.

Question 2

Which type of agreement typically grants exclusive usage of a property directly from a landlord to a tenant for a long-term period?

Sublease Agreement.
B. Lease/Tenancy Agreement.
C. License Agreement.
D. Introducer Agreement.

Question 3

Which type of agreement is primarily used to establish a contract between buyers and suppliers, setting out pricing, delivery, and quality requirements for goods or services?

A. Lease/Tenancy Agreement.
B. Procurement Contract.
C. Business Sales Agreement.
D. Engagement Bonus Fee Agreement.

Question 4

What is the key difference between a Business Sales Agreement and a Merger & Acquisition (M&A) Agreement?

A Business Sales Agreement involves the integration of two companies into one entity, while an M&A Agreement allows a business to continue independently.
B. An M&A Agreement involves two companies’ integration, while a Business Sales Agreement often allows for selective acquisition of another company’s assets or shares without integration.
C Business Sales Agreement requires both companies to unify and operate as a single entity, while an M&A Agreement does not.
D. An M&A Agreement allows the buyer to buy specific assets and to assume specific liabilities, whereas a Business Sales Agreement involves taking over all assets and liabilities.

Question 5

Which type of agreement is primarily focused on the "Supply of Staff"?

A. Service Agreement (SA).
B. Contract for Services (CfS).
C. Support Fee (SF) Agreement.
D. Subcontracted Service Agreement (Subcontracted SA).

Question 6

Which type of Satellite Agreement would likely involve the client’s managing payroll calculations, employee registration, and administrative support?

A. Self-Billing Agreement.
B. Subcontracted Service Agreement.
C. Support Fee Agreement.
D. Debt Repayment Agreement.
E. Service Agreement.

Question 7

As per our business operations, which type of agreement(s) must be in place before a Self-Billing Agreement can be executed? (three selections apply)

A. Subcontracted Service Agreement.
B. Support Fee Agreement.
C. Debt Repayment Agreement.
D. Service Agreement/Contract for Services.
E. Credit Agreement.

Question 8

Which type of agreement, represented by the initials CA, provides clients with payment facilities allowing them to defer payments over a set period of time?

A. Client Agreement.
B. Credit Agreement.
C. Commission Agreement.
D. Contractor Agreement.

Question 9

Which type of agreement is used to allow a client to purchase services and defer payment over a specified period, instead of paying in full at the time of invoicing?

A. Debt Repayment Agreement.
B. Credit Agreement.
C. Service Agreement.
D. Self-Billing Agreement.
E. Support Fee Agreement.

Question 10

Which type of agreement specifically outlines the terms for settlement of outstanding amounts and is typically established when a client encounters financial issues?

A. Debt Repayment Agreement.
B. Credit Agreement.
C. Self-Billing Agreement.
D. Subcontracted Service Agreement.
E. Debt Amendment Agreement.

Quiz 2 - Key Answers Legal Agreements: UK Platforms & Clients