Which of the following is true of contracts?
A) Contracts can be classified as either voluntary or involuntary.
B) All contracts are legally enforceable.
C) The terms of a valid contract become private law between the parties.
D) Courts of law usually do not enforce the promises made as part of contracts.

Question

Quizplus · Accepted Answer

The terms of a valid contract become private law between the parties, meaning they are legally binding and enforceable by the parties themselves. A and B are incorrect because contracts are always voluntary and not all contracts are legally enforceable. D is incorrect because courts of law do enforce the promises made as part of contracts, as long as the contract is valid and meets certain requirements.

Which of the Following Is True of Contracts