Define contracts and why are contracts the building blocks of business as indicated in chapter 11?

In order to receive full credit for your discussion question your response to every posting should be at least 80 words and you must provide a logical answer from the chapter readings. You also must reply to at least two other classmates. When responding to your classmates provide something that adds substance to the questions. A message which simply says “I agree” does not constitute participation because it does not add any substance to the discussion. Please ensure to include your classmates names when replying.

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