Which of the following deals is a binding agreement between two or more persons that is enforceable by law?

The correct answer is C. Contract. A Contract is a legally binding agreement between two or more parties that is enforceable by law. It requires offer, acceptance, consideration, and mutual intent. An Outsource (A) is a business practice, not itself a legal instrument. A Proposal (B) is an offer or tender and is n

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Question

Options

AOutsource
BProposal
CContract
DService level agreement

How the community answered

(19 responses)

A
5% (1)
C
89% (17)
D
5% (1)

Explanation

A Contract is a legally binding agreement between two or more parties that is enforceable by law. It requires offer, acceptance, consideration, and mutual intent. An Outsource (A) is a business practice, not itself a legal instrument. A Proposal (B) is an offer or tender and is not binding until accepted and formalized. A Service Level Agreement (D) defines service expectations and is often part of a contract, but on its own it may not carry the full force of a legal contract. Only a contract meets the strict legal definition of an enforceable agreement.

Topics

#Contracts#Legal agreements#Business law

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