Which of the following refers to documents that specify the conditions under which an exchange is to occur and detail the rights and obligations of the parties involved? A) minutes. B) white papers. C) contracts. D) memoranda. E) manifestoes.

contracts

Explanation:

A contract is essentially an arrangement among two parties which creates a legal duty for both sides to carry out specific events. Each group is required by law to perform the job indicated, such as making the payment or transporting goods.

A contract might be used for different transactions, like selling land or commodities, or providing services. These may be either verbal or published, although the judiciary prefer to put in print the arrangements.

It is best to think about contract statements in a sequence. The full contract development starts with talks and may experience many changes before achieving a final deal.