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Can you explain the answer of this question below:
Which of the following statement is true?
- A:An agreement enforceable by law is a contract
- B:An agreement is an accepted proposal
- C:An agreement can only consist of an offer
- D:An agreement can only consist of an acceptance
The answer is A,B.
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Verified Answer
Can you explain the answer of this question below:Which of the followi...
Statement A: An agreement enforceable by law is a contract.
- This statement is true. A contract is a legally binding agreement between two or more parties. For an agreement to be considered a contract, it must be enforceable by law.
Statement B: An agreement is an accepted proposal.
- This statement is true. An agreement is a mutual understanding or arrangement between two or more parties regarding their rights and obligations. It is formed when one party makes an offer and the other party accepts that offer.
Statement C: An agreement can only consist of an offer.
- This statement is false. While an agreement can include an offer, it is not limited to just an offer. It also includes the acceptance of that offer, creating a mutual understanding between the parties involved.
Statement D: An agreement can only consist of an acceptance.
- This statement is false. An agreement consists of both an offer and an acceptance. Without an offer, there can be no acceptance and therefore no agreement.
In conclusion, statements A and B are true, while statements C and D are false.
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- This statement is true. A contract is a legally binding agreement between two or more parties. For an agreement to be considered a contract, it must be enforceable by law.
Statement B: An agreement is an accepted proposal.
- This statement is true. An agreement is a mutual understanding or arrangement between two or more parties regarding their rights and obligations. It is formed when one party makes an offer and the other party accepts that offer.
Statement C: An agreement can only consist of an offer.
- This statement is false. While an agreement can include an offer, it is not limited to just an offer. It also includes the acceptance of that offer, creating a mutual understanding between the parties involved.
Statement D: An agreement can only consist of an acceptance.
- This statement is false. An agreement consists of both an offer and an acceptance. Without an offer, there can be no acceptance and therefore no agreement.
In conclusion, statements A and B are true, while statements C and D are false.
Most Upvoted Answer
Can you explain the answer of this question below:Which of the followi...
The agreement consist of two maim factor Agreement=Offer+acceptance Thus both are essential and hence it will be valid though agreement which is enforceable becomes a contract and it is also a accepted proposal
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Can you explain the answer of this question below:Which of the following statement is true?A:An agreement enforceable by law is a contractB:An agreement is an accepted proposalC:An agreement can only consist of an offerD:An agreement can only consist of an acceptanceThe answer is A,B.
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