All contracts must have a formal seal to be legal and binding.

Question

Quizplus · Accepted Answer

Contrary to popular belief, contracts do not necessarily require a formal seal to be legally binding. In modern times, contracts are typically considered valid if they are signed by both parties and include all necessary elements for a legal agreement (offer, acceptance, consideration, etc.). In some cases, a seal may be required by law or tradition, but it is not a universal requirement for all contracts.

All Contracts Must Have a Formal Seal to Be Legal