Introduction:
In order to determine the truth of the statements, it is important to understand the definitions of agreement and contract. An agreement is a mutual understanding between two or more parties regarding their rights and obligations, while a contract is a legally enforceable agreement. This response will examine the statements in detail to determine their accuracy.

Statement A: An agreement is a wider term than contract.
This statement is true. An agreement is a broader concept that encompasses both legally binding and non-binding agreements. It can be oral or written, and it may not always have legal consequences. On the other hand, a contract is a specific type of agreement that is legally enforceable. It requires certain legal elements, such as an offer, acceptance, consideration, and intention to create legal relations. A contract provides remedies for breach and can be enforced through the legal system.

Statement B: All legal obligations are contracts.
This statement is false. While contracts create legal obligations, not all legal obligations arise from contracts. There are various sources of legal obligations, including statutes, regulations, common law, and other legal doctrines. For example, duties imposed by law, such as the duty to pay taxes or the duty to not commit a crime, do not necessarily require the existence of a contract. These legal obligations are independent of any agreement between parties.

Explanation:
Agreement:
- Definition: An agreement is a mutual understanding between two or more parties regarding their rights and obligations.
- Types: An agreement can be oral or written, and it can be binding or non-binding.
- Legal Consequences: Not all agreements have legal consequences. For instance, a social agreement to meet friends for dinner would not typically have legal implications.

Contract:
- Definition: A contract is a legally enforceable agreement that requires certain legal elements.
- Legal Elements: A valid contract must have an offer, acceptance, consideration, and intention to create legal relations.
- Remedy for Breach: Contracts provide remedies for breach, such as damages or specific performance.
- Enforceability: Contracts can be enforced through the legal system.

Legal Obligations:
- Sources: Legal obligations can arise from various sources, including statutes, regulations, common law, and other legal doctrines.
- Examples: Duties imposed by law, such as the duty to pay taxes or the duty to not commit a crime, do not require the existence of a contract.
- Independent of Contracts: Legal obligations can exist independently of any agreement between parties.

Conclusion:
To summarize, an agreement is a wider term than a contract as it encompasses both binding and non-binding agreements. While contracts create legal obligations, not all legal obligations arise from contracts. Various sources of law impose legal duties that do not require a contractual relationship.

A