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the purpose of contracts is . a.) to maintain a traditional social hierarchy b.) to equalize outcomes in capitalistic societies c.) to prevent people from making independent choices d.) to encourage the exchange of goods and services between people

Respuesta :

Contracts are made to promote inter-person exchanges of commodities and services.

An agreement between parties that establishes mutually binding legal obligations is known as a contract. A legitimate offer and acceptance, mutual consent demonstrated by proper consideration, capacity, and legality, as well as mutual assent, are fundamental requirements for an agreement to be a binding legal contract.

The main purpose of a contract is to formally establish new relationships and to specify all of the various legal obligations that each party has to the other. Most contracts are now negotiated by businesses rather than by individuals.

A carefully crafted written contract offers certainty, clarity, and protection for both parties interests in the event of future issues.

To learn more about Contracts

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