Asked by Pablo González on Apr 27, 2024
Verified
A contract is a promise that is enforceable by law.
Enforceable
Capable of being imposed or administered through legal processes or by authority to ensure compliance or adherence to agreements, laws, or regulations.
Law
A system of rules created and enforced through social or governmental institutions to regulate behavior.
Promise
A declaration or assurance that one will do a particular thing or that guarantees a particular outcome.
- Learn about the primary elements and the capacity to enforce agreements in the realm of contracts.
Verified Answer
LS
Latifat SulaimonMay 02, 2024
Final Answer :
True
Explanation :
A contract is indeed a promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty.
Learning Objectives
- Learn about the primary elements and the capacity to enforce agreements in the realm of contracts.