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all agreements are not contract, but all contracts are agreement


How to explain it?

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Hi

Thank you for asking this question

All agreements are not contract, but all contracts are agreement, it is true according to section 2(h) of Indian Contract Act , 1872  which says "An agreement enforceable by law becomes contract".

Section 10 of Indian Contract Act -" All agreement are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and not hereby expressly declared to be void".

The following essentials alements must co-exist in order to make a valid contract:

1. Proper offer and proper acceptance with intention to create legal relationship.

2. Lawful consideration

3. Capacity

4. Free consent

5. Lawful agreement 

Hope this will help 

Best regards 

Akshay Gupta


 

 
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