NAME: SUBJECT: BUSINESS LAW

COURSE&YEAR: BSBA 1 INSTRUCTOR:

MY REFLECTION

My reflection about what I have learned to obligation and

contract is I’ve learned that the obligation and contract they form
the foundation of legal relationships, outlining the duties and
responsibilities of parties involved. Contracts are binding
agreements that help establish expectations, and fulfilling
obligations is crucial for maintaining trust and legal integrity.
The various types of contracts, such as bilateral and unilateral,
contribute to a nuanced understanding of how legal obligations
are structured. Additionally, the concept of consideration, where
each party must give something of value, adds depth to the
dynamics of contractual relationships. Overall, the study of
obligations and contracts are provides valuable insights into the
legal framework governing agreements and interactions between
individuals or entities.