All contracts are agreements, but not all agreements are contracts. The PRIMARY reason is that:
A) certain agreements cannot be enforced by law.
B) certain agreements cannot be licensed under law.
C) agreements do not fall under any classification of contracts.
D) terms of an agreement usually are different from those of a contract.

Question

Quizplus · Accepted Answer

The main reason why not all agreements are contracts is that certain agreements cannot be enforced by law. To be considered a contract, an agreement must fulfill certain conditions, such as being legally binding and having the capacity to generate legal consequences if one or more parties fail to meet its terms. If an agreement does not meet the legal requirements for enforceability, it cannot be considered a contract. Therefore, all contracts are agreements because they involve two or more parties who agree to certain terms, but not all agreements are contracts because some lack the necessary legal validity.

All Contracts Are Agreements, but Not All Agreements Are Contracts