All agreements are contracts.
a. True
b. False

Question

08-07-2024
Business

Answered

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All agreements are contracts.
a. True
b. False

Sagot :

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Kidpreneur Kidpreneur · Answer 1 · 2024-07-08T04:32:09-04:00

Kidpreneur Kidpreneur

08-07-2024

Answer:

False

Explanation:

All contracts are agreements, but NOT all agreements are contracts. A contract is a legally binding agreement between two or more parties that is enforceable by law. An agreement, on the other hand, is simply a mutual understanding between parties which may or may not be legally binding.

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