A MEMORANDUM OF UNDERSTANDING Is a

Multiple Choice

A MEMORANDUM OF UNDERSTANDING is a

A) Binding agreement.
B) Binding contract.
C) Document that describes a tentative agreement that is not binding, but may be drafted into a binding agreement.
D) Document that creates a legal obligation for both parties to fulfill their obligations, regardless of whether they sign and seal the document.
E) Court order that has the same effect as a signed contract.