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Question

Which is that element which makes all contract an agreement but all agreements not a contract?

A Consent Correct Answer Incorrect Answer
B Enforceability Correct Answer Incorrect Answer
C Contingency Correct Answer Incorrect Answer
D Competent Parties Correct Answer Incorrect Answer
E All the above Correct Answer Incorrect Answer

Solution

Contract Act Section 2(h) Contract is an agreement enforceable by law. Enforceability means when promises are held valid in the court of law and the parties to the contract can be held liable to complete their promises, the contract is said to be enforceable by law. Offer + Acceptance= Agreement, Agreement / Accepted Promise + Enforceable by Law= Contract

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