Question

Which of the following statements correctly describes an agreement?

(a) Sort of contract to be agreed upon by both the lender and the borrower.

(b) Only an interest rate is to be paid by the borrower to the lender.

(c) Higher interest rate has to be paid by the borrower.

(d) Only amount and rate of interest are written down on it.​

Answer 1

Answer:

option a is correct

Explanation:

I hope it will help u

Answer 2

Answer:

Option a is the correct answer bcoz the contract is being agreed upon by both the lender and the borrower which suggests that both the persons are agreeing with each other in a contract.