Which legal term is used for agreements that can be enforced by law?

Prepare for the Conference National Board – Arts Exam with flashcards and multiple choice questions. Each question includes reliable explanations. Gear up to ace your exam!

The term "legally binding contracts" refers to agreements that are recognized by the law and can be enforced in a court of law. For a contract to be considered legally binding, it typically must meet certain criteria, including mutual consent, consideration, capacity, and a lawful object. This ensures that both parties involved in the contract have an obligation to fulfill their end of the agreement, and if one party fails to do so, the other party has the right to seek legal remedies.

In contrast, the other choices represent forms of agreements that do not carry the same legal enforceability. Biddable contracts, for instance, are not a recognized legal term and do not imply any specific contractual obligation. Informal agreements, while they may be understood by the parties involved, often lack the formalities required for legal enforcement. Non-aggression pacts, although they may exist in political or communal contexts, do not pertain specifically to legal contracts and are not considered enforceable agreements in the traditional legal sense.

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