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What are the differences between a simple contract and a formal contract?
simple contract cane be formed as verbally or as writing whereas formal contracts can only be formed as writing.
A formal agreement enforceable by law?
i think it's a contract
Is verbal contract consider as a formal contract?
Yes, you can be sued legally for any verbal contract over $600, so don't joke around!!!!
What is the difference between tender and contract drawing?
Tender is a formal invitation to suppliers to make an offer to the buyer for the supply of goods and services as set out in the specification document within the formal tender document. Contract is the formal agreement between the buying organisation and the supplier setting out what services and products the supplier is contracted to deliver and within the timeline and contract price.
What is bethrothed?
Did you spell it correctly? Betrothal is a formal state of engagement to be married. Historically betrothal was a formal contract, blessed or officiated by a religious authority
Does contract mean to get larger?
Contract means to shrink. Or in the context of "a contract" :a legal document that states and explains a formal agreement between two different people or groups, or the agreement itself
If letter of intent referes to FIDIC then the letter of intent can be considered as a formal contract?
yes
What is a formal contract to repay borrowed money with interest at fixed intervals?
it is A for e2020 students!
Why issue bonds?
A bond is a formal contract by the government to pay back money you loan to them.
Is a contract under seal a formal contract?
Contracts under seal are a type of formal contract that involves a formalized writing with a special seal attached IN the past the seals were often made of wax and impressed on the paper document. Today, the significance of the seal in contract law has lessened, though standard-form contracts still sometimes include a place for a seal next to the signature lines.
Can contract be used as a verb?
Yes, "contract" can be used as a verb to describe the act of making a formal agreement or reducing in size. For example, "They need to contract with the supplier for the new materials" or "The metal will contract as it cools."
What is the definition for the word treaty?
A formal contract or agreement between countries or political entities his question…
