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The two main competing definitions of contract in the common law are

The common law recognizes two competing definitions: the promise-based definition (the American Restatement and Pollock's formulation) and the agreement-based definition…

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The two main competing definitions of contract in the common law are

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The common law recognizes two competing definitions: the promise-based definition (the American Restatement and Pollock's formulation) and the agreement-based definition (Anson's and Halsbury's formulations), so the correct pairing is "Contract is a promise or set of promises which the law will enforce and contract is an agreement giving rise to obligations which are enforced or recognized by law".

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