InterviewSolution
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A contract is an agreement enforceable by law. Why? |
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Answer» When any offer is given to the person and he accepts it without any pressure, then that offer becomes an agreement between two parties. Thus, agreement includes the offer and acceptance of two parties for a mutual objective. When that agreement is legally bound or has a legal obligation, it becomes a contract. If it doesn’t have a legal obligation, it will never become a contract. It will be said to be an agreement only. For example : A husband offers his wife a weekend movie plan, his wife accepts it, but due to some official work, husband is unable to execute it, or wife refuses it or they mutually cancel the program, but in this type of agreement, both of them can’t take any legal action as it is only a social agreement between a couple, which doesn’t have any legal obligation. |
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