A Contract Is Always an Agreement but an Agreement Is

question 24

True/False

A contract is always an agreement but an agreement is not always a contract.

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Definitions:

Fundamental Characterization

The basic and essential description or analysis of the intrinsic properties or nature of something.

Legitimate Authority

A form of power that is recognized and accepted by the society or organization over which it is exercised.

Influence

The capacity or power of individuals, organizations, or media to affect others' beliefs, behaviors, or decisions, directly or indirectly.

Federal Election

A national electoral process in which citizens vote to elect officials to the federal government, such as members of parliament or the president.