Question

What is an agreement in business law??​

Answer 1

Answer:-

A meeting of minds with the understanding and acceptance of reciprocal legal rights and duties as to particular actions or obligations, which the parties intend to exchange; a mutual assent to do or refrain from doing something; a contract.

Additional Information:-

Examples: Alex offers to sell his Royal Enfield to Ben for Rs. 80,000. So, when Ben accepts the offer, it becomes an agreement.

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