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#1
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every contract is an agreement but not every agreement is a contract
every contract is an agreement but not every agreement is a contract
any one elaborate this statement please |
#2
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Dear Just keep these formulas in your mind for 'Contract Act': Proposal (Offer) + Acceptance = Promise Promise + Consideration = Agreement Agreement + Enforceability by Law = Contract "An agreement enforceable by law is a contract" "Every promise or every set of promise forming consideration for each other is an agreement" In the light of above rules and definitions, it is extracted that, there must be a valid agreement (valid offer, valid acceptance, lawful consideration and lawful object) that can be enforceable in the court of law, is a contract. Whereas, solely an agreement without enforceability of law, is not a valid agreement;void agreement. Hence, it cannot fulfill the requirement of the contract. Regards
__________________
Sabaq Phir Parh Sadaqat Ka, Shuja'at Ka, Adaalat Ka, Lia Jahayga Tujh Se Kaam Dunya Ki Imaamat Ka. |
#3
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__________________
He who has never learned to obey cannot be a good commander. |
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