A Contract in its most fundamental definition would be an agreement between two or more parties for which if there is a breach of the agreement
A) a court can determine a remedy
B) someone will have to pay the other party
C) the Contract no longer exists
D) the aggrieved party can cancel the Contract

Question

Quizplus · Accepted Answer

A court can determine a remedy if there is a breach of the agreement, which means that the party who suffered the breach can seek legal action to receive compensation or damages. Option B is too broad and may not be applicable in all cases, while option C and D are incorrect as a contract can still exist even after a breach, and it would require legal action to resolve the matter.

A Contract in Its Most Fundamental Definition Would Be an Agreement