Which of the following could you reasonably expect your risk management supervisor to indicate as the most effective use of a business contract?

Question

Quizplus · Accepted Answer

A business contract is an enforceable agreement between two or more parties. One of the primary use of a business contract is to manage liability exposure. A well-written contract can help to define the scope of services or product being provided, limit liability for damages or injuries, and clarify the responsibilities of each party. By using business contracts, risks can be identified and managed effectively, which can help to minimize the potential for legal disputes and liability issues.

Which of the Following Could You Reasonably Expect Your Risk