ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a contract?
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agreement
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legal binging agreement
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agreement between parties
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legal agreement between two person or party
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Explanation:
Detailed explanation-1: -A contract is an agreement between two or more persons, enforceable by law it creates a legal relationship of rights and duties on the parties.
Detailed explanation-2: -An agreement is a promise or arrangement between two or more parties to do, or not do, something. It’s usually informal and sometimes unwritten (but not always). Some examples of agreements include a letter of intent, or a confidentiality agreement that precedes a commercial discussion.
Detailed explanation-3: -A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which are discussed in more detail below.
There is 1 question to complete.