Which type of contract depends on trust and loyalty?
A) relational contract
B) transactional contract
C) financial contract
D) concrete contract

Question

Quizplus · Accepted Answer

Relational contracts rely heavily on trust, loyalty, and a long-term relationship between the parties involved. This type of contract is usually used in situations where the parties have a history of doing business together and want to continue working together in the future. It is not based solely on the exchange of goods or services but also on mutual respect and goodwill.

Which Type of Contract Depends on Trust and Loyalty