When a contract is sealed,
A) a party indicates his or her intention to be bound by the terms because a breach of contract could result.
B) the document is tightly closed.
C) the document may be used as evidence in court proceedings.
D) a party indicates his or her intention to be bound by the terms of a contract even though the promisee may not have provided consideration to support the promise.
E) the promisor swears an affidavit that the contents of the document are true.

Question

Quizplus · Accepted Answer

When a contract is sealed, a party indicates his or her intention to be bound by the terms of a contract even though the promisee may not have provided consideration to support the promise. The seal on the contract serves as a substitute for consideration. This is known as a sealed contract or a contract under seal.

When a Contract Is Sealed