ContractsTypes_of_contractsEASY
A buyer and seller sign a purchase agreement stating all terms in writing. The contract has lawful terms, competent parties, consideration, and mutual assent. What is the contract's enforceability status?
Correct Answer
D) Enforceable contract
An enforceable contract meets all legal requirements and can be compelled or recognized by a court.
Answer Options
A
Void contractB
Voidable contractC
Implied contractD
Enforceable contractWhy This Is the Correct Answer
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Background Knowledge for Contracts
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Related Topics & Key Terms
Key Terms:
types_of_contractscontractsenforceablevalid
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