Byron agrees to sell to charity, for $1,500, a remote parcel of land. they be-lieve the land to be worthless, but beneath it is a gold mine . byron can not rescind the contract.
A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.
Contract, in its simplest definition, a legally enforceable promise. A promise can be to do something or not to do something. Concluding a contract usually requires the mutual consent of two or more people, one making the offer and the other accepting.
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