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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
N. K. Gupta posted an Question
September 22, 2021 • 12:18 pm
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30 points
30 points
- UGC NET
- Commerce
What os the diffrence betweeen agreement and contract . how we know its agreement or contract
what os the diffrence betweeen agreement and contract . how we know its agreement or contract
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Rucha rajesh shingvekar![best-answer]()
An agreement is any understanding or arrangement reached between two or more parties. A contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law. An example of an agreement is the decision between two people to share the rent in an apartment. An example of contract is a loan agreement between buyers and sellers of a car. An example of contract is an agreement between two people to be married. 2nd image -All contracts are agreements, but all agreements are not contracts.