“All contracts are agreement but all agreement are not contract.” Explain in detail.
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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
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sorry it's very hard
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