Which statement is correct*Proposal + acceptance = PromisePromise + Consideration = AgreementAgreement + Enforcability = ContractAll of the above

To determine which statement is correct among the options provided, let's analyze each part closely.

1. Proposal + Acceptance = Promise: This statement is accurate as a proposal (offer) and acceptance together form a promise between parties.

2. Promise + Consideration = Agreement: This statement is also correct. An agreement is formed when there is a promise from one party and consideration (something of value) given by another party.

3. Agreement + Enforceability = Contract: This statement is true as well. A contract is an agreement that is legally enforceable, meaning it can be upheld in a court of law.

4. All of the above: Since all the individual statements are accurate, this option is correct.

Final Answer

All of the above statements are correct.