carlos wants to purchase a lot, owned by sarah, that is next door to sarah's home. carlos knows sarah will not sell the lot to him because of his barking dogs that she dislikes. carlos agrees with jasmine that jasmine will purchase the lot from sarah for him. jasmine and sarah reach an agreement and enter into a contract whereby sarah is to sell the lot to jasmine for a price within the scope of jasmine's authority. jasmine tells sarah nothing about her plan to later transfer the lot to carlos. before title to the lot is transferred to jasmine, carlos tells jasmine that he no longer wants the lot. jasmine tells sarah about carlos. sarah tells jasmine that as far as she is concerned, jasmine has bought the lot. sarah says that she plans to move anyway and really does not care whether jasmine or carlos ends up with the lot. she just wants her money and is unconcerned about barking dogs, which will be the next owner's problem. which of the following is true regarding whether jasmine is personally bound on the contract with sarah?

Any deal that is legally enforceable is referred to as a "binding contract." This means that if you enter into a legally enforceable contract and fail to uphold your half of the bargain, the other party may file a lawsuit against you.

The promisee, who benefits from a contract, and the promisor, who makes a promise, are the two key participants on the surface. Additionally, the contract imposes obligations on both parties. Contracts occasionally have third-party beneficiaries.

A contract that is enforceable and has legal standing is said to be legally binding. Someone will be held accountable by the law if they violate an agreement that is enforceable by law.

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