Multiple choice

Which of the following statements is true?

  1. An agreement enforceable by law is a contract

  2. An agreement is an accepted proposal

  3. Both (1) and (2)

  4. Neither (1) nor (2)

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A contract is defined as an agreement enforceable by law, and an agreement is defined as an accepted proposal. Therefore, both statements are correct.