Distinguish Between a Formal and a Simple Contract

question 122

Essay

Distinguish between a formal and a simple contract.

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Definitions:

Useful

pertains to something that serves a practical purpose or fulfills a need, offering utility or benefit.

Reality

Refers to the state of things as they actually exist, as opposed to how they may appear or might be imagined.

Socially Conscious

Being aware of and responsive to societal and social issues and injustices.

Generalized Other

A concept in sociological theory referring to the social control exercised by common social norms and values over an individual.