Agreement Must Be In Writing…! [Hindi]
Agreement Must be in Writing…!
What makes an agreement enforceable by law? : In the aspect of law, a contract is a legally binding agreement between two or more parties which contains elements of a valid legal agreement which is enforceable by law. Any oral agreement between two parties can form a legal binding contract as long as the good or service provided is legal.
Terms: Statute of Frauds: Basis of most modern laws requiring that certain promises must be in writing in order to be enforceable; it was passed by the English Parliament in 1677. In the United States, although state laws vary, most require written agreements in five types of contracts which are covered in this lesson.
What is meant by enforceable by law? : Enforce means to compel observance of or obedience to. Enforceable means capable of being enforced. A right or obligation is enforceable if a party obligated to an act can be forced or ordered to comply with the legal process. In other words, enforceable is an action which can be made effective.
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