Which of the following is an informal contract?
A) recognizance
B) lease
C) bank draft
D) check

Question

Quizplus · Accepted Answer

A lease is an informal contract that is usually not required to be in writing and is based on an agreement between the landlord and tenant. It may also include informal terms and conditions that are not legally enforceable. Recognizance is a formal contract that involves a defendant promising to appear in court, while a bank draft and check are financial instruments that do not involve contracts.

Which of the Following Is an Informal Contract