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"All contracts are agreements but not all agreements are contracts"-explain.

Ans: An agreement, which can be enforced through the courts of law, is called a
contract. An agreement comes into existence whenever one or more persons promise
to one or others, to do or not to do something, “Every promise and every set of
promises, forming the consideration for each other, is an agreement. A contract is a
legally binding agreement that exists between two or more parties to do or not do
something. Due to this breach of the contract provide a legal remedy to the aggrieved
party against the guilty party. So we can say that all contracts are an agreement but
all agreements are not contracts. Every contract gives rise to certain legal obligation
or duties on the part of the contracting parties. The legal obligations are enforced by
the courts. Every promise and every set of promises, forming the consideration for
each other, is an agreement. After observing the definition of the agreement it is
clear that a promise is an agreement. An agreement must fulfill the requirements or
formalities necessitated by any particular law. From my point of view, a contract is
a legally binding agreement that exists between two or more parties to do or not do
something. An agreement starts from an offer and ends on consideration but a
contract has to achieve another target enforceability. Due to this breach of the
contract provide a legal remedy to the aggrieved party against the guilty party. So
we can say that all contracts are an agreement but all agreements are not contracts.

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