The purpose of a contract is to:
A) make it easy to do international business transactions
B) encourage innovation
C) encourage investment
D) give parties confidence that bargained-for exchanges will be enforceable
E) give parties confidence that they will make a profit

Question

Quizplus · Accepted Answer

The purpose of a contract is to give parties confidence that the bargained-for exchanges between them will be enforceable. It provides a legal framework for business transactions and ensures that each party's expectations are met. Contracts also allow for the resolution of disputes and help parties manage risks.

The Purpose of a Contract Is To