The writer wants to add a sentence to help conclude the passage. Which option would be the most logical conclusion for the passage provided?
Entering into a contract is not something that should be done lightly because contracts are binding legal agreements for which you can later be held accountable. A business contract is an agreement between two or more parties that consent to certain things and oblige the parties to perform particular duties. In a contract, one party makes an offer, then the other party accepts that offer unequivocally and without modifications or qualifications (otherwise it’s considered a counteroffer), and mutual consideration is determined. This means that both sides gain something of value. For example, the car dealership offers to sell you a new car for $50,000. You accept that offer because you want a new car, and both sides get something out of the deal: you get a new car, and the dealership gets money.
Breach of contract, or violating any of the agreed-upon terms of the contract, is a punishable offense.
Most contracts involve the transfer of goods, services, or money.
Standard form contracts are widely available on the internet for people to download and use in their own private transactions.
Contracts can be written or verbal, though it becomes harder to prove the aspects of a contract if there is no written record of what was agreed to between the parties.
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