Which of the following refers to `an agreement between two or more parties that has clear economic consequences that the parties have little, if any, discretion to avoid, usually because the agreement is enforceable by law`?

Fill in the Blank QuestionFill in the blank question.A is a mutual agreement between two or more parties that can be enforced in a court if one party chooses not to comply. (Enter one word in the blank.)

The term `goal` are important to the definitions and refer to `an agreement between two or more parties that has clear economic consequences that the parties have little, if any, discretion to avoid, usually because the agreement is enforceable by law`.

The agreement that is enforceable by law is known asSelect one:a.Valid agreementb.Void agreementc.Illegal agreementd.Unenforceable agreement

Which one of the following elements is not necessary for a contract?Question 4Answera.  Competent partiesb.Lawful concentration.c.Reasonable terms and conditionsd.Free consentClear my choice

Which of the following is not a limitation of a contract?*1 pointLawMoralsObligationPublic policy