Consider the passage given below and answer the question.
An agreement not enforceable by law is said to be void. To consummate a contract there must be mutuality as well as a meeting of the minds of parties. Mutuality means equality of rights between the parties. Either party should have equal right to enforce the contract. For instance, where one of the parties to a contract is minor, there is no mutuality. Further, in a contract there is a consensus ad idem which means ‘meeting of minds’. According to Salmond, ‘A contract is an agreement creating and defining obligations between the parties’.

Which of the following is correct?

Agreement + enforceability = contract

The correct statement is: Agreement + enforceability = contract

In the formation of a contract, there is typically an agreement between the parties, and for a contract to be legally binding, it must be enforceable by law. The other options do not accurately reflect the essential elements of contract formation.

Offer + Acceptance = Agreement