GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A ____ is an agreement between two parties to carry out a transaction, such as the sale of goods from a seller to buyer.
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patent
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regulation
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copyright
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contract
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Explanation:
Detailed explanation-1: - Contract: An agreement between two or more parties to perform or to refrain from some act now or in the future. A legally enforceable agreement.
Detailed explanation-2: -A contract is a legally enforceable agreement between two or more parties that creates an obligation to do (or not do) a particular thing.
Detailed explanation-3: -What Is a Futures Contract? A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future.
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