What Is the Key Difference Between an Agreement and a Contract

question 36

Multiple Choice

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.

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Definitions:

Short Synthesis

A concise and efficient synthetic process for producing compounds, often desirable in organic chemistry for its time and resource efficiency.

Butanoic Acid

An organic compound with the formula C4H8O2, also known as butyric acid, characterized by its unpleasant smell and occurrence in butter and animal fat.

Bromoacetone

An organic compound with the formula C3H5BrO, used in the past as a tear gas.

Bromodiiodomethane

A halogenated methanol compound with the formula CH2BrI2, often used in organic synthesis and as a dense fluid for mineral separation.