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The Ultimate Purpose of a Contract Is the Creation of an Agreement

question 18

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The ultimate purpose of a contract is the creation of an agreement that courts will order parties to perform or to pay consequences for the failure of performance.When courts uphold the validity of such promises,the resulting agreement is a(n) ______.


Definitions:

Service Model

A business model that offers intangible value beyond a physical product, typically through professional services, support, or subscriptions.

Server Farms

A large collection of computer servers used to provide services such as web hosting and data processing.

Customer Demand

The desire for products or services that customers are willing and able to purchase at a given price.

NSA

The National Security Agency, a U.S. government agency responsible for global monitoring, collection, and processing of information and data for foreign and domestic intelligence and counterintelligence purposes.

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