Megha Shibhu (12 Points)
12 August 2019
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 12 August 2019
anything which is not legal can be termed as illegal.
agreement usually means arrangements - eg: cash payment above rs.2.50 lakhs may now be termed as illegal
contracts usually meant for an obligation - eg: contracts based on lottery system may be termed as illegal.
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 12 August 2019
agreements can include contracts but not vice versa.
Regards
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