A(n)_____ is a legally enforceable promise to perform some act in exchange for a payment or some other consideration.
A) Contract
B) Pledge
C) Agreement
D) Promise
E) Intention

Question

Quizplus · Accepted Answer

A contract is a legally binding agreement between two or more parties where each party promises to fulfill certain obligations for a payment or other forms of consideration. A contract can be enforced through legal means, including monetary damages or specific performance. Therefore, a contract is the most appropriate answer to the given question.

A(n)_____ Is a Legally Enforceable Promise to Perform Some Act