Parties to the contract prefer to keep the actual agreement incomplete when:
A)they have conflicting terms and conditions.
B)they are large in count.
C)the economic value of the contract is low.
D)the cost of negotiation is high.

Question

Quizplus · Accepted Answer

When the cost of negotiation is high, parties may prefer to keep the actual agreement incomplete in order to avoid prolonged negotiations and legal fees. This is often the case in complex contracts with many details or when negotiating with multiple parties. By keeping the contract incomplete, parties can leave certain terms open for further negotiation or interpretation.

Parties to the Contract Prefer to Keep the Actual Agreement