A contract may be formed, and there is proof of all the elements required to form the agreement. However, despite the appearances of a binding agreement, a court may determine that the contract is unenforceable, at least that one of the parties cannot enforce the contract against another party to the contract.

Explain how the first basis of a contractual agreement is that it is freely entered into, with the parties having full knowledge of the bargain they are entering into.

with reference