An agreement enforceable by law is called a/an ______.

Explanation:

Contract

• A contract is a legally enforceable agreement between two or more parties that creates mutual obligations.

• It must include essential elements like offer, acceptance, consideration, intention to create legal relations, and capacity of parties.

• Contracts are fundamental in construction, supply, employment, and consultancy agreements.

Additional Information

Muster Roll

• A muster roll is a register or document used to record the attendance and wages of laborers on a daily basis, especially in public works or construction sites.

• It helps in calculating payment due to daily-wage workers and in maintaining transparency in labor usage.

• It is not a legal agreement but an administrative record of manpower.

 Estimate

• An estimate is a forecast or calculation of the quantities and costs of materials, labor, and equipment needed for a construction project.

• It is used for budgeting, planning, and tendering, but it does not create legal obligations unless accepted as part of a contract.

• Estimates may be preliminary, detailed, or revised depending on project stage.

Tender

• A tender is an offer submitted by a contractor to undertake a specified job at a stated price and terms.

• It becomes legally binding only when accepted by the client and formalized into a contract.

• Tendering is a common procedure in government and large-scale private projects to ensure transparency and competitiveness.