Which of the following is true?
A) Contracts can be classified as either voluntary or involuntary.
B) All contracts are legally enforceable.
C) The terms of a valid contract become private law between the parties.
D) Contract promises are generally not enforced by the courts.
E) The terms of a valid contract become public law between the parties.

Question

Quizplus · Accepted Answer

The terms of a valid contract become private law between the parties, meaning that the parties themselves are bound by the terms they agreed upon. Contracts can be classified according to their enforceability and formation, but all contracts that meet the legal requirements for validity are legally enforceable. Contract promises are generally enforced by the courts unless there is a valid defense or reason not to. The terms of a valid contract do not become public law, as they are not enforceable by the government or the public at large.

Which of the Following Is True