Enforceability

The video tutorial explains the concept of agreements and contracts, highlighting the necessary elements for a valid contract, such as a meeting of the minds, capacity, and consideration. It discusses the role of consideration, the impact of mistakes on agreements, and the conditions for enforceability, including the statute of frauds.

What is the definition of an agreement according to the text?

What are the requisite elements required for an agreement to constitute a contract?

What does it mean for a party to have the capacity to enter into a contract?

Explain the concept of consideration in the context of an agreement.

What is the difference between unilateral mistake and mutual mistake in agreements?

What is the Statute of Frauds and how does it relate to enforceability of agreements?

In what scenarios might an agreement be valid but not enforceable under the law?