The primary 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 they will make a profit
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

Contracts primarily serve to create a legally binding agreement between parties, outlining their rights, responsibilities, and the terms of their arrangement, which can include aspects of international business, innovation, investment, and profit-making, but these are not their primary purpose.

The Primary Purpose of a Contract Is To