All contracts are agreements but all agreements are not contracts.

According to Section 2(h) of the Indian Ccnti act Act. 1572, ‘An areemeut enforceable by law is a con tract. ‘ ‘A contract is au agreement. creating and defining the obligation between parties. —&thnond ‘Every aEleetuent and promise enforceable at law is a contract.’ —Sir Fr.dnck Pollock ‘A contract is a» areei:ueut enforceable at law made between two or more persons by which nghts are acquired by one or more to acts ai forbearances ou the pail of others.’ —Sir JTìlliwn Ansoii On the basis of analysis of the above definitions, a contract must have the following two elements: iii Au azreemelt (fi) Its enforceability by law According to Section 2(e) of the Indian Contract Act. 1572, ‘Eveiy promise and evely set of promises ______ _________ ___ ___ ___ _________ ________ _________ _____.
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