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N. K. Gupta posted an Question
September 22, 2021 • 06:48 am 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.

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