Which of the following refers to `an agreement between two or more parties that has clear economic consequences that the parties have little, if any, discretion to avoid, usually because the agreement is enforceable by law`?a.Goalb.Contractc.Objectived.Currency
Question
Which of the following refers to an agreement between two or more parties that has clear economic consequences that the parties have little, if any, discretion to avoid, usually because the agreement is enforceable by law?a.Goalb.Contractc.Objectived.Currency
Solution
The answer is b. Contract. A contract is a legally binding agreement between two or more parties that creates an obligation to do (or not do) a particular thing. The parties to the contract
Similar Questions
The term `goal` are important to the definitions and refer to `an agreement between two or more parties that has clear economic consequences that the parties have little, if any, discretion to avoid, usually because the agreement is enforceable by law`.
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