Why Are Contractual Relationships Usually Preferable Over Casual Forms of Business

question 31

Multiple Choice

Why are contractual relationships usually preferable over casual forms of business arrangements?

• A) They envision business commitments or promises.
• B) They solidly prove the parties' relationship is voluntary.
• C) They readily provide the means for legal enforceability.
• D) They must be expressed in writing using legal terminology.

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Definitions:

Business Friendship

A relationship between colleagues or professional contacts that combines elements of friendship and business.

Personal Friendship

Personal friendship involves a mutual bond between people who share interests and affection not necessarily based on business or professional interests.

Unsalable Goods

Products that cannot be sold due to being outdated, damaged, or otherwise not meeting the market's standards.

FMCG Company

Fast Moving Consumer Goods company; specializes in manufacturing, distribution, and marketing of products that are frequently purchased such as food, beverages, cleaning products, and personal care items.