It is good business practice of have a written record of a contract because
A)provisions of long-term contracts will not have to be committed to memory.
B)many disputes can be avoided by keeping an accurate record.
C)a written record is more accurate than human memory.
D)human memory is fallible.
E)all of the above

Question

Quizplus · Accepted Answer

All the options listed are reasons why it is good business practice to have a written record of a contract. Long-term contracts can have many provisions which are difficult to remember accurately without a written record, disputes can easily arise without a clear record of the agreement, and human memory is fallible and subject to error. A written record provides a more reliable and accurate source of information.

It Is Good Business Practice of Have a Written Record