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simple contract cane be formed as verbally or as writing whereas formal contracts can only be formed as writing.

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12y ago

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Distinguish between a specialty contract and a simple contract?

The difference between a simple and specialty contract that a simple contract can be done orally, or in writing. A specialty contract must be signed by the parties and must have a seal attached.


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A simple contract is one that is very basic and on paper with signatures. A mere agreement may only be verbal.


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You need to find the differences in law where you live. You should ask a lawyer as rules are different in different places.


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