Which of the Following Is a Good Reason to Use

question 7

Multiple Choice

Which of the following is a good reason to use a contract as opposed to having a casual understanding?

• A) Casual understandings require lengthy negotiations and time to perform.
• B) All contracts typically involve arrangements that are unlikely to be repeated.
• C) Casual understandings are casually conducted and completed instantly.
• D) All contracts are subject to the same set of compulsory legal rules.

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Definitions:

National Debt

The total amount of money that a country’s government has borrowed by various means, including foreign governments and private investors.

King Louis XVI

The last King of France before the fall of the monarchy during the French Revolution, executed for treason against the state in 1793.

French Revolution

A period of radical social and political upheaval in France (1789-1799) that significantly affected European and world history, characterized by its attempts to fundamentally redefine the structure of society.