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: -A contract is a legally enforceable agreement. Contracts have many elements, and absence or fault in one of them may render the agreement unenforceable. What must a contract have in order to be enforceable? The agreement must be based upon a mutual exchange of promises, made freely, by competent parties.

Detailed explanation-3: -There are 4 elements of a contract, namely, an offer made by the offeror, an acceptance of that offer by the offeree, intention of the parties to create legal relations and consideration passes between the parties.