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Which of the following types of agreement can be a legally binding formal or informal "contract"?
Suggested Answer: D
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22 comments · newest first
GE
German
10 months ago
Service level agreements are super important in business deals!
ME
Merilyn
10 months ago
Wait, can cooperative agreements really be informal contracts?
AL
Alverta
11 months ago
Totally agree, consulting agreements are also legit contracts.
VE
Venita
11 months ago
I’m not so sure about the informal part of these agreements.
RA
Ranee
11 months ago
Non-disclosure agreements can definitely be binding!
DE
Delisa
11 months ago
I practiced a question similar to this, and I think service level agreements are also considered contracts, but I need to double-check.
FE
Felix
12 months ago
I feel like all of these could potentially be contracts, but I’m a bit confused about the cooperative agreement.
EU
Eugene
12 months ago
I remember discussing non-disclosure agreements in class, and I think they can be binding too, right?
ER
Erick
1 year ago
I think a consulting agreement can definitely be a legally binding contract, but I'm not sure about the others.
BL
Blair
1 year ago
I'm a little confused on this one. I know some of these agreements can be legally binding, but I'm not sure which ones. I'll need to review the differences between them to make sure I get this right.
DI
Dierdre
1 year ago
Okay, I've got this. A non-disclosure agreement, a consulting agreement, and a service level agreement can all be legally binding contracts. I'm confident in that answer.
SA
Samira
1 year ago
Hmm, I'm a bit unsure about this. I know non-disclosure agreements can be legally binding, but I'm not sure about the other options. I'll need to think this through carefully.
PE
Pearlie
1 year ago
This is a tricky one, but I think I can figure it out. I'll need to review the key characteristics of different types of agreements to determine which ones can be legally binding.
JI
Jillian
1 year ago
I'm going with D) Service level agreement. That's a great way to define the terms of a service-based contract, and it's definitely legally binding.
MA
Maynard
1 year ago
I believe D) Service level agreement can also be a legally binding contract.
TR
Tracey
1 year ago
I agree with Jacki, Non-disclosure agreements are often legally binding.
JA
Jacki
1 year ago
I think A) Non-disclosure agreement can be legally binding.
AN
Andree
1 year ago
All of these options could be legally binding contracts, but I think the best answer is B) Consulting agreement. That's a pretty common type of contract in the business world.
UN
Una
1 year ago
Cooperative agreements can be beneficial for partnerships between organizations.
CE
Celia
1 year ago
Service level agreements are crucial for setting expectations with clients.
RO
Rosenda
1 year ago
Non-disclosure agreements are important for protecting sensitive information.
ON
Oneida
1 year ago
I agree, consulting agreements are very common in business.