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      Question

      All contracts are agreements but all agreements are not

      contract. In the context of the given statement what is important for an agreement to be a contract?
      A Consideration Correct Answer Incorrect Answer
      B Enforceable at law Correct Answer Incorrect Answer
      C Consent of the parties Correct Answer Incorrect Answer
      D Both a & c Correct Answer Incorrect Answer

      Solution

      Section  2 (h) as “An agreement enforceable by law” is called a contract.

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