A contract…
A)Is a legally-binding agreement signed by the buyer and seller
B)Obligates the seller to provide specific products,services,or results
C)Obligates the buyer to provide specific monetary or other consideration
D)Defines such things as responsibilities,authority,technical and project management approaches,financing,schedule,and payments.
E)All of the above are part of a contract

Question

Quizplus · Accepted Answer

All of the options mentioned are important components of a contract. They define the terms and conditions of a business agreement and ensure that both parties understand their responsibilities and obligations. Contracts help to establish trust and create a legally binding agreement, which is essential when dealing with business transactions.

A Contract…