Definition of a Contract
A contract is an agreement that is enforceable by law. Modern business could not exist without such contracts. Most business transactions involve commitments to furnish goods, services, or real property; these commitments are usually in the form of contracts.
Use of the contract in business affairs ensures, to some extent, the performance of an agreement, for a party that breaks a contract may be sued in court for the damages caused by the breach. Sometimes, however, a party that breaks a contract may be persuaded to make an out-of-court settlement, thus saving the expense of legal procee…
- Definition of a Contract
- In this discussion we will look at the meaning and nature of the social contract as seen from the point of view of political theorists, Thomas Hobbes and John Locke.
- Title: Police Abuse. The essay includes the definition of "police abuse", the causes, examples of police abuse, relationship with racial profiling, suggestions of solutions about the problem.
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