An agreement that is enforceable in law is ________?
Answer Details
The correct answer is "a contract."
A contract is a legally binding agreement between two or more parties that sets out the rights and obligations of each party. For a contract to be enforceable in law, it must meet certain requirements, such as:
1. Offer and acceptance: There must be a clear offer made by one party, and that offer must be accepted by the other party.
2. Consideration: There must be something of value exchanged between the parties, such as money or services.
3. Intention to create legal relations: The parties must intend for their agreement to be legally binding.
4. Capacity to contract: Each party must be of legal age and have the mental capacity to understand the terms of the contract.
If all of these requirements are met, then the agreement is considered a contract and can be enforced in a court of law if one party fails to fulfill their obligations under the contract.