Discuss the Importance of Putting Contracts in Writing, Both from a Legal

question 128

Essay

Discuss the importance of putting contracts in writing, both from a legal perspective and from a practical business point of view.

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Definitions:

Interval Scale

A type of scale used in measurements that allows for the comparison of differences between objects or events, but not the ratio between them, as it lacks a true zero point.

Ratio

A mathematical relationship between two numbers indicating how many times the first number contains the second.

Statistics

is the science of collecting, analyzing, interpreting, and presenting data.

Interpreting Information

The process of making sense of or assigning meaning to data, texts, or situations.