While negotiable instruments and recognizances are examples of informal contracts,letters of credit and contracts under seal are examples of formal contracts.
Correct Answer:
Verified
Q7: Quasi-contracts are also known as implied-in-fact contracts.
Q8: A contract is a set of legally
Q9: An offeror is the party making an
Q10: Quasi-contracts are legally recognized as contracts.
Q11: A bilateral contract is commonly defined as
Q13: In 1952,the United States Congress enacted as
Q14: Some states still allow a contract without
Q15: The two primary sources of contract law
Q16: Since it takes at least two parties
Q17: Under the common law,the elements of an
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