The Indian Contract Act of 1872 can be interpreted as covering all possible agreements and contracts. However, in many cases, whether or not an agreement is a contract depends on the facts and circumstances. In short, all legally enforceable agreements become contracts. As a result, there may be agreements that are not contractual, but there cannot be contracts that are not agreements. Agreement- In accordance with Section 2) of the Treaty of India Act, “Any promise and promise mutually considered is an agreement.” As an economic means, the treaty is based on the concept of consensual exchange and has been the subject of in-depth economic, sociological and anthropological discussions (see “contract theory” below). In American English, the term goes beyond legal meaning and encompasses a broader category of agreements.  To enter into a contract, it is important that no contract is possible without an agreement, but we cannot say that all contracts are contracts. Section 2 of the Contracts Act states that “the contract is a legally enforceable agreement.” All the chords, see the movies. B, is not a contract, if the offer is accepted, then it promises. The promise is followed by reflection, then it becomes agreement and if an agreement is enforceable by law, it then becomes CONTRACT, see below: – i) Proposal – Acceptance – PROMISE ii) Promise – reflection – ACCORD iii) Agreement – enforceable contract “10.
all contracts are contractual if they are entered into by the free consent of the contracting parties in legitimate consideration and with a lawful purpose and are not expressly stated here. PROMISE:- Promise is an important part of the agreement. A proposal, if passed, becomes a promise. Based on the above definitions, we find that a contract consists essentially of two elements: – CONSIDERATION: – Part 2 (d) of the Contract Act defines consideration. Section 2 states that an agreement reached without consideration is non-acute, except:- a) natural love and affection. Section 25 of the Contracts Act must have a close relationship between the contracting parties. The promise must be made by a party of natural love and affection for the other. The promise should be written and recorded.
b) Compensation for past voluntary benefits p. 25 (2) in Sindha v.Abrahim-1895 Bombay: The promise to compensate, albeit without consideration, is binding because of this exception.