What is the meaning of the contract law?
Contract law is the legal body that encompasses both the origination, enforcement and ultimate enactment of all legal contracts or agreements. All those who engage in business transactions, at some point or another, engage in contract law. Companies and consumers alike use contracts in their everyday actions.
What is a contract quizlet?
contract. A binding agreement between two or more persons that is enforceable by law. offer. A proposal by one party to another intended to create a legally binding agreement.
What is contracts in simple words?
contract, in the simplest definition, a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting.
What is the definition of law quizlet?
Law is a system of rules, regulations and principles that are enforced by a political authority. This system governs a community by regulating the behavior of individuals to maintain social order.
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