What would the consequences be if you or the other party broke the agreement?

• What would the consequences be if you or the other party broke the agreement?

Contracts are everywhere—whether it is a loan on a car or home or signing up for a cell phone plan. These require some form of agreement. For consumers and businesses, contracts and agreements play a critical role.

Think of an experience when you signed an agreement with another person or organization.

• Describe the circumstances and purpose of the agreement.
• What would the consequences be if you or the other party broke the agreement?
• What would the consequences be if you or the other party broke the agreement?]

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