CA Foundation doubt
All contracts are agreements but all agreements are not contracts. Explain
Asked by Anustha6 May 2024536 views
CA Foundation doubt
Asked by Anustha6 May 2024536 views
Subojeet · 6 May 2024
Contract = agreement + legal Enforceability, therefore in order to make a contract Agreement is necessary,hence all contracts are agreement Agreement = offer + acceptance, but there must be intention among the parties to create legal obligations between them, hence agreements where the following does not exist , won't form a contract. E.g- social contract, hence all agreements are not contact
Koustubh · 6 May 2024
Agreements only become a contract when it is enforceable by law. That's why not every agreement is a contract
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