What is a contract?

What is a contract?
A . An agreement between two or more parties which is intended to be enforceable by any means feasible.
B . An agreement between two or more parties which is enforceable in law.
C . An agreement between two or more parties which is intended to be honoured.
D . An agreement between two or more parties which, all other things being equal, is in-tended to be enforceable by law.

View Answer

Answer: B

Explanation:

An agreement between two or more parties which is enforceable in law.

This definition separates a contract from a social or domestic arrangement, in that contracts are in-tended to be enforceable at law. The other answers shown here dilute the concept, and so are unac-ceptable as answers to the question.