What is the key difference between an agreement and a contract?
A) A contract is always enforceable in the court of law, while an acceptance may or may not be.
B) A contract can only be between two individuals, while an acceptance can have two or more people involved.
C) A contract requires mutual assent from all parties, while an acceptance needs only to be accepted by a majority of people involved.
D) A contract need not be legally binding, while an agreement must be legally binding.

Question

Quizplus · Accepted Answer

A contract is distinguished from an agreement by its enforceability in court. A contract must meet certain legal criteria to be enforceable, whereas an agreement might not meet these criteria and thus may not be enforceable in a court of law.

What Is the Key Difference Between an Agreement and a Contract