Question: What is the key difference between an agreement and a contract? A contract requires mutual assent from all parties, while an acceptance needs only to

What is the key difference between an agreement and a contract?
A contract requires mutual assent from all parties, while an acceptance needs only to be accepted by a majority of people involved.
A contract can only be between two individuals, while an acceptance can have two or more people involved.
A contract is always enforceable in the court of law, while an acceptance may or may not be.
A contract need not be legally binding, while an agreement must be legally binding.
What is the key difference between an agreement and a contract?

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