Where commercial rebuild LLC enters into a contract to remodel dockside marina, agreeing to use only products from eagle supplies. halfway through the project, the commercial refuse to finish the job. the contract can be enforced against commercials by " Dockside or Eagle." (Option D)
A contract is a legally binding agreement between two or more parties that establishes, defines, and controls their mutual rights and duties. A contract usually involves the exchange of products, services, or money, or the promise to exchange any of these at a later period.
A legally enforceable agreement between two or more parties is referred to as a contract. Once signed, this contractual agreement provides a commitment that each party will fulfill specific rights and duties. In essence, every contract is built around a promise.
Mutual assent, indicated by a legitimate offer and acceptance; appropriate consideration; capability; and legality are the key factors necessary for the agreement to be legally binding. A valid alternative can satisfy components of consideration in some states.
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Full Question:
Commercial Rebuild LLC enters into a contract to remodel Dockside Marina, agreeing to use only products from Eagle Supplies. Halfway through the project, Commercial refuses to finish the job. The contract can be enforced against Commercial by
a. Eagle only.
b. Dockside only.
c. any interested third party, including a contracting party's employee.
d. Dockside or Eagle.
