Asked by
Cyril Dela Cruz
on Nov 27, 2024Verified
An otherwise valid contract is enforceable even if the parties have not genuinely agreed to its terms.
Enforceable
Pertaining to a contract or legal obligation, this term indicates that the agreement is legally valid and can be upheld in a court of law.
Genuinely Agreed
Describes a situation where parties involved in an agreement or contract have a mutual understanding and acceptance of the terms without duress or deception.
- Understand the impact of genuine agreement on the enforceability of a contract.
Verified Answer
PS
Learning Objectives
- Understand the impact of genuine agreement on the enforceability of a contract.