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That really depends on context. I use it at work all the time to say "got it" or "sounds good." Basically, it's an approval/acknowledgement of receipt, depending on context.
On social media though, it'll be a sarcastic response.
So in this context, I would absolutely intend it as an approval/acknowledgment since it's a business contract.
In the article, it details that the judge ruled this way because the guy had a history of accepting previous contracts with the other guy with short one word answers, so in that context, its valid.
It isn't the blanket ruling the headline makes you think it is.
Absolutely. I'm just saying that even without the context of the guy having done this multiple times, it still makes sense to see this as an approval.
I personally would never handle contracts this way, but if I sent someone a contract and they responded with that emoji, I would interpret it as an approval. If someone sent me a contract and I responded with that emoji, I would intend it as an approval. So even without the context of the guy's previous contract approvals, I agree with the judge's ruling.