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Questions and Answers
What is a contract?
What is a contract?
- An enforceable legal agreement (correct)
- A completion criteria
- A social or moral obligation
- A basis for pricing work
According to Mead et al, 1956, how many major categories can contracts be classified into?
According to Mead et al, 1956, how many major categories can contracts be classified into?
- 6 (correct)
- 4
- 2
- 8
What is the relationship between agreements and contracts?
What is the relationship between agreements and contracts?
- Agreements and contracts are completely separate
- Agreements and contracts are the same thing
- All contracts are agreements (correct)
- All agreements are contracts
What is the purpose of a contract?
What is the purpose of a contract?
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In a day-to-day situation, how are most business transactions expressed?
In a day-to-day situation, how are most business transactions expressed?
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Which one of these is NOT true about contracts?
Which one of these is NOT true about contracts?
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What is the main purpose of a contract?
What is the main purpose of a contract?
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Why are agreements not legally enforceable?
Why are agreements not legally enforceable?
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What is the relationship between agreements and contracts?
What is the relationship between agreements and contracts?
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According to Mead et al, 1956, how many major categories can contracts be classified into based on their origin?
According to Mead et al, 1956, how many major categories can contracts be classified into based on their origin?
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