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FEATURES OF A CONTRACT Pacta sunt Servanda – agreements must be kept Legally binding agreement Does not have to be in writing; one exception being contracts.
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16-1 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
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In general, a writing is not required to create a legally enforceable contract However, a writing is preferable to an oral contract for a number of reasons:
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