BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A binding agreement between parties that creates legally enforceable duties or obligations.
A
patent
B
contract
C
law
D
trademark
Explanation: 

Detailed explanation-1: -A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.

Detailed explanation-2: -A contract is a voluntary arrangement between two or more parties that is enforceable at law. It is a legally-binding agreement that obligates two or more parties to complete certain tasks.

Detailed explanation-3: -A “binding contract” is any agreement that’s legally enforceable. That means if you sign a binding contract and don’t fulfill your end of the bargain, the other party can take you to court.

Detailed explanation-4: -A contract is an agreement between parties, creating mutual obligations that are enforceable by law.

Detailed explanation-5: -Contract: An agreement between two or more parties that creates enforceable rights and obligations. Identifying the contract is an important step in applying the revenue standard. A contract can be written, oral, or implied by a reporting entity’s customary business practices.

There is 1 question to complete.