Practice Quiz

Paralegal

Category - Legal System

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Under American civil law, a contract is a(n) ________________.
  1. Enforceable agreement between two or more parties that is recognized by law.
  2. Enforceable ownership interest in tangible or intangible property.
  3. Wrongful breach of a duty owed to another for which damages may be obtained.
  4. Unenforceable promise.
Explanation
Answer: A - Enforceable agreement between two or more parties that is recognized by law. “An agreement between two or more parties creating obligations that are enforceable or otherwise recognizable at law.” Black’s Law Dictionary 139 (2d Pocket Ed. 2001).
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