An agreement is said to be enforceable by law if it creates some legal obligation.
In other words, the parties to an agreement must be bound to perform their promises and in case of default by either of them, must intend to sue.
Example: X offers to sell his car to Y for Rs. 1,00,000. Y accepts this offer. Such an agreement between X and Y is a contract because it creates legal obligation. In this agreement, if X refuses to sell or Y refuses to buy, the other party can file a suit in the court of law for the breach of the contract.
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