Organic Veggies'4'U Inc.has entered into a one-year,extendable supplier contract with EcoWise Fertilizers Ltd.for the delivery of 1.5-ton pallets of worm castings fertilizer at a price of $2,000 per ton in March and June.What type of role do contract law and its contributions to the establishment of this business relationship have?

Question

Quizplus · Accepted Answer

Contract law facilitates business relationships by providing definition, context, and certainty, ensuring that both parties understand their obligations and rights, which helps in smooth execution and enforcement of agreements.