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At what point does an informal agreement become a binding contract?

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At what point does an informal agreement become a binding contract? A. When an offer is made by one party and the other party rejects the offer and makes a counteroffer
B. When one party makes an invitation and the other makes an offer
C. When one party makes an offer and the other party accepts that offer
D. When consideration is provided by one of the parties to the contract




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    1 Answer

    1. Quizzma Team

      The correct answer is C. When one party makes an offer and the other party accepts that offer.

      ### Explanation:

      An informal agreement becomes a binding contract when there is a clear offer made by one party and that offer is accepted by another party. Both parties must agree to the terms of the contract for it to be enforceable. Acceptance signifies mutual consent, which is a fundamental aspect of contract formation.

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