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Answer added by  Gayasuddin Mohammed, Advocate, Practicing Law before High Court at Hyderabad
7 years ago

An Agreement enforceable by law is called Contract. Therefore All contracts are Agreements, but not all agreements are contract.    Agreement may be anything legal or ill ... See More

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Answer added by  SHAHZAD Yaqoob, SENIOR ACCOUNTANT, ABDULLAH H AL SHUWAYER
7 years ago

  “All contracts are an agreement, but all agreements are not contracts” this is an old statement but why it is so? Why is an agreement not equal to a contract?   Withou ... See More