A contract is an agreement that is enforceable by law. Modern business could not exist without such contracts. Most business transactions involve commitments to furnish goods, services, or real property; these commitments are usually in the form of contracts. Use of the contract in business affairs ensures, to some extent, the performance of an agreement, for a party that breaks a contract may be sued in court for the damages caused by the breach. Sometimes, …showed first 75 words of 1156 total…

…showed last 75 words of 1156 total…extent that he or she was damaged by lack of complete performance. Jon P. McConnell Bibliography: Calamari, J. D., and Perillo, J. M., Contracts, 3d ed. (1987); Cataldo, Bernard F., et al., Introduction to Law and the Legal Process, 3d ed. (1987); Dunfee, T. W., and Gibson, F. F., Introduction to Contracts, 2d ed. (1984); Mandel, Ludwig, The Preparation of Commercial Agreements, 7th ed. (1978); Schlesinger, Rudolph B., ed., Formation of Contracts, 2 vols. (1968); Wincor, Richard, Contracts in Plain English (1976).