11. Essential pillars of a sales contract, which are:
(i (ii) (iii) (iv)
legal capacity of contracting parties; offer and acceptance; lawful and existing subject matter; and price known with certainty, apply to the MPO.
From an operational perspective, MPO involves four significant components, which are:
customer order with Wa’d or promise to purchase;
acquisition at known and agreed cost;
sale at mark-up; and
deferred payment. However, various other applications of MPO may be formalized based on the specified technical definition of MPO.