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What Is the Courts' Rationale for Presuming That Agreements Made

question 36

Essay

What is the courts' rationale for presuming that agreements made between parties in a commercial context are intended to be legally binding? Is this a fair presumption?


Definitions:

US Dollar

The official currency of the United States of America, widely used as a global standard for financial transactions.

Appreciated

A term which indicates an increase in the value of an asset over time.

Chinese Yuan

The recognized monetary unit of the People's Republic of China, utilized within mainland China but excluded from its special administrative regions such as Hong Kong.

Devalues

Reduces the worth or monetary value of an item or currency.

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