BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -(h) An agreement enforceable by law is a contract; (i) An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is a voidable contract; (j) A contract which ceases to be enforceable by law becomes void when it ceases to be enforceable.

Detailed explanation-2: -"Contract” Defined A contract is a legally enforceable agreement between two or more parties that creates an obligation to do or not do particular things.

Detailed explanation-3: -A maintenance contract is a contract between two parties which creates the agreement that one party will maintain an asset owned by another party.

Detailed explanation-4: -An agreement enforceable by law is called a Contract. An agreement cannot be said as a Contract unless and until it is enforced by law. A Contract is an agreement that is accepted by both parties and is enforceable by law.

Detailed explanation-5: -A contract is an agreement between two or more persons, enforceable by law it creates a legal relationship of rights and duties on the parties.