How do you define a contract?

A. An agreement between two or more people but there are no consequences for violating it.
B. An agreement between two or more parties that may only benefit one party.
C. A legal agreement between two or more parties that ideally will mutually benefit all parties involved.

Question

30-06-2024
Law

Answered

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How do you define a contract?

A. An agreement between two or more people but there are no consequences for violating it.
B. An agreement between two or more parties that may only benefit one party.
C. A legal agreement between two or more parties that ideally will mutually benefit all parties involved.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-30T15:38:18-04:00

Final answer:

Contracts are legal agreements between parties outlining specific obligations and rights, enforceable by law.

Explanation:

Contracts are agreements between two or more parties that create obligations to perform or refrain from specific actions. They are legal documents that outline the rights and responsibilities of each party involved. Contractual agreements can be written or oral and are enforceable by law.

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