Assertion (A): An agreement, in simple words, is a promise. Reasoning (R): All agreements are contracts.

Both A and R are correct and R is the correct explanation of A. Both A and R are correct and R is not the correct explanation of A. A is correct but R is false. A is false but R is correct.

A is correct but R is false.

According to the Indian Contract Act, 1872, (referred to as the ICA) an agreement that is enforceable by law is a contract (Section 2(h)). An agreement, in simple words, is a promise. All agreements are not contracts.