A written contract under seal is also known as a(n):
A) simple contract.
B) quasi contract.
C) specialty contract.
D) unenforceable contract.

Question

Quizplus · Accepted Answer

A contract under seal is a specialty contract, also known as a formal contract or a contract by deed. This type of contract is distinguished by the use of a seal or similar symbol as a sign of the parties' intent to be bound. It carries some unique legal properties, such as a longer statute of limitations for enforcement and a presumption of consideration. It may also be required by law for certain types of transactions, such as real estate transfers or surety bonds.

A Written Contract Under Seal Is Also Known as A(n)