Business Studies, asked by vickysingh1741998, 1 month ago

“All contracts are agreement but all agreement are not contract.” Explain in detail.​

Answers

Answered by ay8076191
0

Explanation:

hlo mate here's your answer

ALL CONTRACTS ARE AGREEMENT BUT ALL

AGREEMENT ARE NOT CONTRACT”

Justify the statement

It is a valid and true statement. Before we cancritically examine the statement, it is necessary to

understand the meaning of agreement andcontract

.

According to section 2(a) "every promise on every set of promisesforming the consideration for each other an agreement.It is fact an agreement is a proposal and its acceptance, by which twoor more person or parties promises to do abstain from doing an act.But a contract according to section 2(h) of the Indian Contract Act,"An agreement enforceable by law is a contract. It is clear thesedefinitions that the there elements of a contract ore(a) Agreement Contractual Obligation(b) Enforceability by Law.For Example: X invites his friend to tea and the latter accepts theinvitation. This is a social agreement not a

I hope its help you mark as brainlist

Answered by syed00436
0

Answer:

sorry it's very hard

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