A person who makes a promise is the promisor, while a person to whom the promise is made is the promisee.
Correct Answer:
Verified
Q10: A void contract is one that is
Q11: A recognizance is an agreement by which
Q12: In some cases, third persons, such as
Q13: A contract is essentially an agreement that
Q14: The subject matter of a contract can
Q16: Negotiable instruments are examples of formal contracts.
Q17: Only the parties who signed the original
Q18: An executed contract is an agreement that
Q19: The effect of an implied contract is
Q20: A contract for an amount greater than
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