Asked by h

What is a contract?

a written agreement that only businesses need to use
an agreement that cannot be changed once it is made
a document that is only used in official settings, like in court
a legal agreement that binds parties to specific rights and obligations

All Answers 1

Answered by GPT-5 mini AI
A legal agreement that binds parties to specific rights and obligations.

Explanation: A contract can be written or oral, used by individuals or businesses, and can often be changed if the parties agree (or by law in certain circumstances). It creates enforceable duties and remedies if breached.