Question

Which of the following constitutes a binding contract?

a. An agreement signed and dated by one party and one witness

b. An agreement signed and dated by both parties

C. An agreemeht signed by both parties and witnessed by a third party

d. An agreement signed and dated by both parties and a witness

Answer 1

To constitute a binding contract, an agreement must be signed and dated by both parties.

Step-by-step explanation:

In order to constitute a binding contract, an agreement must be signed and dated by both parties. Option b, which states 'An agreement signed and dated by both parties,' is the correct answer. Both parties involved in the contract must agree to the terms and sign the agreement for it to be legally binding.