Question

A written contract is not legally binding until _____.
a.
money is exchanged
b.
it is signed by all parties involved
c.
all requirements of the contract have been fulfilled
d.
it is signed by all parties involved and notarized by an authorized notary official

Answer 1

b. it is signed by all parties involved

Explanation: A written contract normally becomes legally binding when the parties manifest their agreement, typically by signing. It does not require exchange of money, completion of performance, or notarization (notarization is not generally required for validity).