Asked by Courtney Cridland on Jun 10, 2024
Verified
Even in commercial relationships, if the parties make it absolutely clear that they don't intend the arrangement to be legally binding on them, the agreement will not be enforceable in court.
Commercial Relationships
Professional interactions and dealings between businesses or between businesses and customers that involve the exchange of goods, services, or information.
Legally Binding
An agreement or contract that is enforceable by law, meaning parties must fulfill their specified obligations or face legal consequences.
- Examine the validity of agreements in light of the participants' intentions and legal mandates.
Verified Answer
AD
Alexis DuranJun 12, 2024
Final Answer :
True
Explanation :
In contract law, if both parties expressly state that they do not intend their agreement to be legally binding, courts will generally respect this intention and not enforce the agreement.
Learning Objectives
- Examine the validity of agreements in light of the participants' intentions and legal mandates.