New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    An agreement enforceable at law is

    a_______________________
    A Contract Correct Answer Incorrect Answer
    B Accepted offer Correct Answer Incorrect Answer
    C Approved promise Correct Answer Incorrect Answer
    D Enforceable acceptance Correct Answer Incorrect Answer

    Solution

    An agreement enforceable by law is called a Contract so an agreement cannot be said to be a Contract unless it is enforced by law. Thus, a Contract is an agreement that is accepted by both parties and is enforceable by law which gives certain rights and obligations that the parties must fulfill. 

    Practice Next