25.

Historically, the term contracthas been defined in various ways. According to the textbook, which of the following is the bestbusiness definition?

		(A) Any legally binding and legally enforceable promise, or set of promises, between two or more competent parties.
		(B) Any agreement between two or more competent parties that exists in written form.
		(C) Any bona fide promise or set of promises given and accepted--whether expressed in written form or not-- by which one or both parties stand to benefit economically.
		(D) Any document drawn up by an attorney or other appropriate legal representative, where the document's contents relate to a legal issue.