Question:
A contract is:
A contract is:
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For an agreement to be a contract, it must be legally enforceable, involve competent parties, and have a lawful objective.
Updated On: Apr 15, 2025
- An agreement between two persons for doing any type of act
- An agreement between two competent persons for doing a lawful act enforceable by law
- An agreement for doing any act, backed by consideration
- An agreement between two persons, supported by consideration or not
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The Correct Option is B
Solution and Explanation
A contract is a legally enforceable agreement between two competent persons for doing a lawful act. The agreement must be supported by consideration.
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