New Enroll in RBI Grade B New Batch - Starts on May 21

    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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