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A _______ Is an Enforceable Claim on a Good or Service

question 37

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A _______ is an enforceable claim on a good or service.


Definitions:

Court

A legal institution where disputes are settled, judgments are made, and justice is administered under the law.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights, enforceable by law.

Performance

The execution or fulfillment of terms as specified in a contract, such as the completion of duties or the payment of a sum.

Incidental Beneficiary

A third party who benefits from a contract between two others but does not have contractual rights to enforce that benefit.

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