A 'Contract' Is

question 45

Multiple Choice

A 'contract' is:

• A)any agreement between two or more persons.
• B)a legally enforceable agreement between two or more persons.
• C)an agreement where the parties intend their agreement to be legally enforceable.
• D)an agreement where the parties provide consideration.

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Definitions:

Under Seal

A formal method of validating a document by fixing a wax seal, signifying it has legal efficacy or relevance.

Implied

Something suggested or understood without being directly expressed.

Writing

The act or medium of expressing thoughts in visible letters or characters; utilized in law to refer to the embodiment of expressions in a tangible form.

Enforceable

Describes a legal agreement or provision that can be upheld by a court or other legal authority.