Question

Juan valdez, a coffee farmer in colombia, sells his coffee to cafe emporium, a u.s. firm which specializes in gourmet coffee blends. what must be true of this arrangement?

Answer 1

Juan has voluntarily entered into a contract with Cafe Emporium. A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and obligations of the parties.  A contract usually entails the exchange of products, services, cash, or a promise to exchange any of those things at a later time.

Legal remedies might be seeked by the claiming party. The foundation of contract law, which is the area of the law of obligations pertaining to contracts, is the idea that agreements must be upheld. Contracts are frequently employed in commercial law and serve as the basis for international business dealings.

Contracts for the sale of goods and services (including wholesale and retail), carriage agreements, software licences, and employment contracts are a few typical examples.

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