Question

Explain the concept of contract.

Answer 1

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Contract, in the simplest definition, a promise enforceable by law. ... The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting. If one of the parties fails to keep the promise, the other is entitled to legal redress.

Answer 2

Answer:

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Explanation:

Contract, in the simplest definition, a promise enforceable by law. ... The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting. If one of the parties fails to keep the promise, the other is entitled to legal redress.