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Which of the following statements is true
  • a)
    an agreement enforceable by law is a contract
  • b)
    an agreement is an accepted proposal
  • c)
    both (a) and (b)
  • d)
    none of these.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is truea)an agreement enforceable by...
Explanation:

Agreement: An agreement is a meeting of minds between two or more parties whereby they come to a mutual understanding with regard to their rights and obligations arising out of the transaction.

Proposal: A proposal is an offer made by one party to another, expressing a willingness to enter into a contract on certain terms and conditions.

Enforceable by law: An agreement that is enforceable by law is a contract.

True statement: Therefore, both statements (a) and (b) are true, making option (c) the correct answer.

Conclusion: In conclusion, for an agreement to become a contract, it must be enforceable by law. Therefore, any agreement that is enforceable by law is a contract. Furthermore, a proposal is an offer made by one party to another, and an agreement is a mutual understanding between two or more parties.
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Which of the following statements is truea)an agreement enforceable by law is a contractb)an agreement is an accepted proposalc)both (a) and (b)d)none of these.Correct answer is option 'C'. Can you explain this answer?
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