A contract for an amount greater than $1 million must be made under seal or it is not binding.
Correct Answer:
Verified
Q15: A person who makes a promise is
Q16: Negotiable instruments are examples of formal contracts.
Q17: Only the parties who signed the original
Q18: An executed contract is an agreement that
Q19: The effect of an implied contract is
Q21: An option contract gives one of the
Q22: The subject matter of a contract may
Q23: A contract never can be both executory
Q24: Whenever a person receives a benefit for
Q25: When a contract sets a price for
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