legal binding contract

my lecture was asking us question on financal reporting and suddenly this idea came out of my mouth and it does really means that legal obligation in accouting litreture.
erm... i do not have legal obligation to do everything people ask me to do so.
i do have a lot of commitment towards myself and my friends and family.
but now i'm losted.
how can you expect people to be perfect. and you do not give other people a chance.
since people had did something wrong.
and you act as you are very very busy.
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