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:

Ethylene

Plant hormone that causes ripening of fruit and is also involved in abscission.

Abscisic Acid

A plant hormone that regulates growth and development, as well as stress responses such as closing stomata during drought conditions.

Auxin

A class of plant hormones that regulate aspects of growth and development, such as cell elongation.

Long-Day Plant

Plant that flowers when day length is longer than a critical length; e.g., wheat, barley, clover, and spinach.