Which of the following is an informal contract?
A) contract under seal
B) recognizance
C) negotiable instrument
D) purchase contract

Question

Quizplus · Accepted Answer

A purchase contract is an example of an informal contract, which is a contract that is not written or signed by the parties involved. Instead, it can be created through a verbal agreement or by the actions of the parties. The other choices all refer to formal contracts that have specific legal requirements and are often documented in writing.

Which of the Following Is an Informal Contract