Sales Marketing Corporation and Tech Support,Inc.,negotiate a contract.If the contract has all of the elements necessary for one of the parties to enforce it in court,it is
A)a valid contract.
B)a voidable contract.
C)a void contract.
D)an unenforceable contract.

Question

Quizplus · Accepted Answer

A valid contract has all the essential elements required for it to be enforceable in a court of law. These essentials include offer and acceptance, consideration, legality, and capacity. If Sales Marketing Corporation and Tech Support, Inc. have negotiated a contract that satisfies all the necessary elements, then it is considered a valid contract, and both parties can legally enforce it if any dispute arises.