Title Answer 2024, General Principal of Contract.pdf ✅

A N S W E R S 2024 B.A.LL.B. SEM 1ST FREE OF Cost Made by voice of c.u. law students – voculs _____________________________________________________ Page 3 of 183 For getting the Answers/Notes and others queries may contact with.... SK IRFAN HABIB UTSAV DAS (91) 6295695267 (91) 8910310416 this view in the light of the Indian contract act, 1872. (8) The statement "All contracts are agreements, but all agreements are not contracts" reflects a fundamental principle in contract law, and it can be explained in the context of the Indian Contract Act, 1872. Explanation of the Statement: 1.All Contracts are Agreements: o A contract is a special type of agreement that meets certain legal requirements. An agreement is simply the mutual understanding between two or more parties to act in a particular way. o According to Section 2(h) of the Indian Contract Act, 1872, a contract is an agreement that is enforceable by law. In other words, every contract is a legally enforceable agreement between parties. o For example, if one person offers to sell their car for a price, and the other party accepts the offer, this results in an agreement. If both parties intend for this to be legally binding, it becomes a contract. 2.All Agreements are Not Contracts: