Discussion Question: Contracts, Are the valid?

This is a discussion question that needs to be answered in “Your own words” so therefore, no references are needed.

In some ways contracts can be very easy to enter into. In fact, we often enter into agreements simply by our actions.

For example, many businesses place small notices near their entryways warning that by entering the building you consent to video recording or by parking in a specific lot you agree that the lot owner is not liable should anything happen to your car (even if you paid to park there).

Are these agreements valid?

Should individuals be held to agreements even if they did not know about them?

Use specific details about contract formation and performance in your response.

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Discussion
Contracts, are they Valid
A contract is an agreement between two or more people that is legally binding. By legally binding, it means that the duties and roles of each of the parties can be enforced by a court of law in case there has been a disagreement between the parties. With this in mind, it means that they are recognized by law and thereby can be enforced. On many occasions, contracts can be very easy for people to enter.

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