Question

An agreement between two or more parties for the doing or not doing of some definite thing is:

a) Contract
b) Covenant
c) Accord
d) Compact

Answer 1

The correct answer is a) Contract. An agreement between two or more parties for the doing or not doing of some definite thing is called a contract.

Step-by-step explanation:

The correct answer is a) Contract.

An agreement between two or more parties for the doing or not doing of some definite thing is called a contract. Contracts are legally binding and enforceable agreements that outline the rights and obligations of each party involved.

For example, when you purchase a phone and sign a contract with a service provider, you agree to pay a specific amount of money in exchange for a set package of phone services. This agreement is a contract that both parties are obligated to fulfill.