According to the text, what are the two forms in which a contract is structured? What is the difference between the two conditions? Now, describe a time when you entered into a legally binding contract and a time when you simply entered into an agreement. What made you comfortable with the decisions?

Refer to the “Which Agreements Matter” Learning Activity. According to the text, what are the two forms in which a contract is structured? What is the difference between the two conditions? Now, describe a time when you entered into a legally binding contract and a time when you simply entered into an agreement. What made you comfortable with the decisions?