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    5. All contracts are agreements but all agreements are not contract. In the context of the given statem

    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.

    Practice Next
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