Correct option is A
The correct answer is
(a) An agreement enforceable by law is a contract. This is the definition of a contract under Section 2(h) of the Indian Contract Act, 1872. A contract is formed when an agreement between parties is legally enforceable. This means that not all agreements are contracts, but only those that meet certain legal criteria such as offer, acceptance, consideration, and the intention to create legal relations.
Information Booster According to the Indian Contract Act, an
agreement becomes a
contract only when it is enforceable by law. This requires that the agreement fulfill all essential elements of a valid contract, including lawful consideration, capacity to contract, free consent, and a lawful object. If an agreement lacks these elements or is not legally binding, it remains an agreement but does not qualify as a contract.
Additional Knowledge
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(b) An agreement which is not enforceable by law is also a contract: This statement is incorrect because an agreement that is not enforceable by law cannot be considered a contract.
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(c) Every agreement is a contract: This is incorrect because not all agreements are enforceable by law. Only those agreements that meet the requirements of the law become contracts.
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(d) None of the above: This is incorrect because option (a) correctly states the relationship between an agreement and a contract.
