What are some examples of enforceable agreements?

What are some examples of enforceable agreements?

Enforceable agreements are legally binding contracts. Examples include employment contracts, sales agreements, and leases.

Can you explain what makes an agreement enforceable?

An agreement is enforceable if it has mutual consent, a lawful object, consideration, and the parties have the capacity to contract.

What happens if one party breaches the agreement?

If one party breaches the agreement, the other party may seek remedies such as damages, specific performance, or cancellation of the contract.

Are verbal agreements enforceable?

Yes, verbal agreements can be enforceable, but they are harder to prove than written contracts. It depends on the context and jurisdiction.

Can you give an example of a verbal agreement?

Sure! An example of a verbal agreement is a handshake deal between two parties to sell a car for a specific price.