What Is the Difference Between an Agreement and a Contract

question 5

Multiple Choice

What is the difference between an agreement and a contract?

• A)An agreement results whenever two people's minds meet on a subject, but a contract only exists when the parties intend to be legally obligated by the terms of the agreement.
• B)An agreement must be put in writing, whereas a contract may be made orally.
• C)An agreement is binding for a shorter period of time than a formal contract.
• D)An agreement may be made for an unlawful purpose, whereas a contract must be made for a lawful purpose.

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Definitions:

Marriage

A recognized union under law and society between people that creates duties and privileges among them and their relatives.

Second Marriages

Marital unions that occur after one or both partners have been married previously.

Divorce

The process where a marriage is officially ended by a court or a recognized authority.

Egalitarian

A belief or doctrine that advocates for equal rights, benefits, and opportunities for all members of society, regardless of status or gender.