The correct answer is: C. Enforceable Contracts
An enforceable contract is a legally binding agreement between two or more parties. It is made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and is not hereby expressly declared to be void.
A standard form of contract is a contract that is prepared by one party and presented to the other party for acceptance without any opportunity for negotiation. Standard form contracts are often used in business transactions, such as when a consumer purchases goods or services from a company.
A quasi contract is a legal fiction that is used to enforce an obligation that would arise in equity if there had been a contract. Quasi contracts are not true contracts, but they are enforced by the courts as if they were.
Here is a brief explanation of each option:
- A. Standard forms of contracts are contracts that are prepared by one party and presented to the other party for acceptance without any opportunity for negotiation. Standard form contracts are often used in business transactions, such as when a consumer purchases goods or services from a company.
- B. Contracts are legally binding agreements between two or more parties. They are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.
- C. Enforceable Contracts are legally binding agreements that can be enforced by the courts. They are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.
- D. Quasi contracts are legal fictions that are used to enforce an obligation that would arise in equity if there had been a contract. Quasi contracts are not true contracts, but they are enforced by the courts as if they were.