Under Section 2(h), a 'contract' is
AAny agreement, whether enforceable or not
BAn agreement enforceable by law
CA mere expression of intent to enter into a binding obligation
DAn obligation imposed by statute without an agreement
Answer & Solution
Correct answer: B. An agreement enforceable by law
Section 2(h) states: 'An agreement enforceable by law is a contract.' Agreements that are not enforceable by law are 'void' under Section 2(g).
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