It is necessary to retain information for two significant reasons: legal obligation and business needs. Data that occupies the class of ________________ is comprised of records that are required to support operations; the data included might be customer and vendor records.
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Legal obligation: when duty or a bond between two parties includes legal proof or legal permissions, then it is a legal obligation between the two parties.
After the debt, the parties must carry on their work process.
Every business deal should have some legal permission for loyal and truthful business dealings.
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