An agreement that is enforceable in law is?

Assessment: WAEC SSCE - Commerce - 2016 (Objective) Subject: Commerce

Question 1 Report

An agreement that is enforceable in law is?

Answer Details
An agreement that is enforceable in law is a contract. A contract is an agreement between two or more parties that creates legal obligations between them. In other words, it is a legally binding agreement that can be enforced through the courts. To be a valid contract, there must be an offer, an acceptance, a consideration, and an intention to create legal relations. Once all of these elements are present, the parties are bound to fulfill their respective obligations as outlined in the contract. Therefore, a contract is the only option among the given choices that fits the definition of an enforceable agreement in law.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning