Commercial and business agreements are intended to be legally binding and enforceable in a court of law? Which of the following is correct?

Group of answer choices

Commercial and business agreements are no different to any other contracts, every contract must be assessed to see if there was an intention to be legally bound, there are no first presumptions

The first presumption regarding business and commercial agreements is that the parties intended the agreement to be an enforceable contract

If the parties to a business agreement state that the contract is binding, then it is legally enforceable, otherwise if no statement is made, then the contract is presumed not to be legally binding

Business agreements are presumed to be legally binding, but only if they have been put in writing and signed