Countries with mixed economies include Iceland, Sweden, France, the U.S, the U.K, Cuba, Russia and China. Most industrial countries have mixed economies, but vary in the degree of government involvement. For example, in Western Europe the government generally has a stronger role, while in North America the market is more influential. The only major planned economy is North Korea.
Answer: Binding both parties in legal manner
Explanation: The contract is the set of legal agreement which states about the duties of the parties involved in the contract .Payne and Steven are involved in the agreement because he wants to sell some portion of land and Steven is buying that land piece respectively.
Even though Payne is intoxication at the time of agreement execution and Steven is not believing in this act of Payne ,the agreement is still binding both the people into an agreement as they are involved in the act of selling and buying the land legally.
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The house of representatives that are voted by the citizens, who then can contact their representative about local issues
