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Which is correct
proposal + acceptance = promise
promise + consideration = agreement
agreement + enforceability = contract
all the above
- Option 1: Proposal + Acceptance = Promise
When one party makes an offer and the other accepts, it forms a promise.
- Option 2: Promise + Consideration = Agreement
A promise turns into an agreement when both parties exchange something of value.
- Option 3: Agreement + Enforceability = Contract
For an agreement to become a contract, it must be legally enforceable.
- Option 4: All the above
Each statement builds correctly in the process of forming a contract.
By: Parvesh Mehta ProfileResourcesReport error
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