2. An agreement of a purely social nature is:
(a) a valid contract
(c) a voidable contract
(b) a void contract
(d) not a contract
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An agreement of a purely social nature is (d) not a contract.
Explanation:
- A social contract is an actual or hypothetical agreement between members of an organised society or a community and its ruler that defines and limits each individual's rights and responsibilities.
- A void contract is one that is legally binding but cannot be enforced as soon as it is signed.
- A voidable contract, on the other hand, is a legal contract that is declared null by one of the two parties for legal grounds.
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