Jason writes a check to the university bookstore to pay for textbooks and supplies. This is an example of an informal contract.

Name: Jason writes a check to the university bookstore to pay for textbooks and supplies. This is an example of an informal contract.
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Question

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This is an example of a formal contract, because a check is a negotiable instrument. Checks that businesses and individuals write when transacting business have to meet specific written content requirements to be valid.

Jason Writes a Check to the University Bookstore to Pay