We also have pointed out, though, that the idea of a national moratorium would impact the recovery in the housing sector, as anybody that wished to enter into a contract or execute a contract to purchase a home that had previously been foreclosed on, that process stops.

WHITEHOUSE: Press Briefing

Really, there are only a few things you need to know about a third party before you enter into a contract.

FORBES: If I Had $100 To Spend On Due Diligence

For example, in a world where the government let people enter into any contract they wanted to voluntarily, it would be possible for people to sell themselves into slavery.

FORBES: Freedom and the Workplace