The body of law that governs oral and written agreements associated with the exchange of goods, services, money and property is known as <u>contract law</u>.
<h3>What is contract law?</h3>
Contract law can be defined as a set of law that governs oral and written agreements between two or more parties with respect to the buying and selling of goods, services, debt, loans, property, etc.
<h3>What is a contract?</h3>
A contract can be defined as a formally written agreement between two or more parties such as a group of people, team, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law across specific jurisdiction in the world.
<h3>The types of contract.</h3>
Generally speaking, there are different types of contract in business and these include the following:
- Fixed-price contract
- Cost-plus contract
- Bilateral contract
- Implied contract
- Unilateral contract
- Adhesion contract
- Unconscionable contract
- Option contract
- Express contract
- Executory contract
Read more on a contract law here: brainly.com/question/28180355
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