Why are contractual relationships usually preferable over casual forms of business arrangements?
A) They envision business commitments or promises.
B) They solidly prove the parties' relationship is voluntary.
C) They readily provide the means for legal enforceability.
D) They must be expressed in writing using legal terminology.

Question

Quizplus · Accepted Answer

Contractual relationships provide a legally binding document that outlines the terms and conditions of the business arrangement. This provides a clear understanding of the expectations and obligations of each party involved, and makes it easier to enforce any disputes or issues that may arise. Casual forms of business arrangements do not have any legal standing, which can lead to confusion and difficulty in resolving conflicts or disagreements.

Why Are Contractual Relationships Usually Preferable Over Casual Forms of Business