Which of the following types of business agreements are likely to be presumed to be legally binding?

Question

Quizplus · Accepted Answer

Memorandums of understanding, comfort letters, and letters of intent are typically preliminary documents that outline the intentions of the parties but do not usually create legally binding obligations. They are often used in the early stages of negotiations and are generally not considered enforceable contracts unless they explicitly state otherwise and include all the elements required to form a contract.

Which of the Following Types of Business Agreements Are Likely