Question

Mr. A has developed a shopping mall in Mumbai at the request of Mr. B, who is
a municipal Corporater. Mr. C has developed an agreement to pay and 2, 50,000.
Mr. A accepted the
Agreement of Mr. C. Is it an agreement or a contract? Give justification

Answer 1

Answer:

It is a Contract.

Explanation:

As it is a commercial agreement. All commercial agreements are contracts.

And

Contract = Agreement + Enforceability by law.

....In the above eg. , there is agreement between Mr.A and Mr.C with enforceability of law and therefore it is a contract.