What distinguishes a valid contract?

A valid contract is distinguished by its enforceability and the fact that it meets all the necessary legal requirements. This includes mutual agreement between the parties involved (often established through offer and acceptance), consideration (something of value exchanged), and the legal capacity of the parties to enter into a contract. Additionally, the purpose of the contract must be lawful.

The enforceability aspect is critical because a valid contract not only represents the agreement between the parties but also can be upheld in a court of law if one party fails to fulfill their obligations. This means that in the event of a breach, the aggrieved party has the right to seek legal remedies, such as damages or specific performance.

In contrast, the other options refer to characteristics that would inherently make a contract invalid or unenforceable, such as lack of mutual agreement, legality, or intent to breach. Thus, the clarity in defining a valid contract lies in its foundation on enforceability and compliance with legal standards, making the correct choice an assertion that encompasses all these essential factors.