Jennifer, the owner, and Jacob, a licensed Florida salesperson, make a handshake deal allowing Jacob the right to sell Jennifer's condo for a six-month period. They are both of sound mind and legal age and they agree on the terms and conditions for the sale. Under the Statute of Frauds, this type of contract is considered as ______.

A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of the law.

An agreement typically involves the exchange of goods, services, money, or promises of any of those. In the event of breach of contract, the law awards the injured party access to legal remedies such as damages and cancellation

yahayadanjuma55 yahayadanjuma55 · Answer 2 · 2020-04-02T14:49:45+02:00

Answer:

Explanation:

Enforce means to mandatory compliance with a contract. In the United States of America contract law allows the parties involved in the contract to have right to commitment and also enforceability. Both parties in the contract can mutually have an assenting agreement and each having signatory of a contract, they also expected to adhere to the rules of the contract law, as earlier agreed by both parties. Enforceable contract can be said to be a written or oral agreement which the court of law can impose. If the law permits enforcement of a contract, execution of an agreement is the obligation of the assenting parties. Terms cannot be violated or breached without causing the contract to be null or void. As we can see this scenario, Jennifer the owner and Jacob a licensed salesperson in Florida had an handshake deal which will now allow Jacob the right to sell Jennifer's condo for a six-month period, because they now have an "enforceable contract" which is legal in the court of law.