A/An _____ is a set of promises between two or more parties the performance of which the law expects, the breach of which the law provides remedies.

Question

Quizplus · Accepted Answer

The definition provided describes a contract, which is a legally enforceable agreement between two or more parties. Option A refers to an initial proposal, option B refers to a general term for an agreement (but not necessarily a legally binding one), option C refers to an acceptance of an offer (which is only one element of a contract), and option E refers to a violation of a contract (which may result in a breach of contract lawsuit).

A/An _____ Is a Set of Promises Between Two or More