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Beginning of Paper
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Contracts
A contract is an agreement that is enforceable by law. Modern business could not
exist without such contracts. Most business transactions involve commitments to
furnish goods, services, or real property; these commitments are usually in the
Use of the contract in business affairs ensures, to some extent, the performance
of an agreement, for a party that breaks a contract may be sued in court for ....
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Middle of Paper
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.... Thus a person who is clearly not sincere in saying that he or she
accepts an offer usually is not held to a contract by the courts. On the other
hand, a person who secretly has no intention of making a contract but who acts
in a manner that leads people to believe he or she had, may be held to a
contract. Legally, it is the external appearance that determines whether one is
held to a contract.
Consideration
A contract results from a bargain. Th ....
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