No


           Contract

          Agreement

1)

Contract emerges from an agreement

Agreement emerges from consent of the parties.
  

2)

Definition :

Section 2(h) of the Indian Contract Act 1872 defines Contract as –

“An agreement enforceable by law is a Contract”

According to Section 10 of the Indian Contract Act, 1872 –

       All agreements are contracts if they are made by the free consent of the parties competent to the contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.   
   

Definition :

Section 2(e) of the Indian Contract Act Defines agreement as –
 
  “Every promise and every set of promises, forming the consideration for each other is an agreement”  


3)

Contract = Agreement + Enforceability.

Agreement = Offer + Acceptance


4)

For the formation of a contract there must be –

    i) An agreement and

    ii) The agreement should be enforceable by law.
      


To constitute an agreement there must be –

             i)  Two or more parties
         
             ii)  A proposal/ offer from one party / Person and acceptance from the other person / Party.

5)

Contract is always legal and is enforceable by law

Agreement may be moral and may not be enforceable by law.


6)

Every contract is an agreement

Every agreement is not a contract




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