What are the advantages of the level of certainty

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Reference no: EM132212408

Contracts, or agreements to provide business transactions, are an important part of Business, in general. What are the advantages of the level of certainty that a contract can create? What would happen to commerce if agreements were not enforceable? How, if you believe so, does a basic understanding of contract principles, or the law, help one business person when compared to another business person who lacks that basic understanding? Would it lead to more lawsuits or fewer lawsuits? Does it even matter?

Reference no: EM132212408

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