Business, Legal & Accounting Glossary
A simple contract is any contract (see: contract) other than a Contract of Record (see: contract of record) or a contract by deed (see: contract by deed). A simple contract that is written and validated by signature is sometimes called a ‘contract under hand’. However, many contracts are formed without such signature, by established practise. For example, a contract is formed when a purchase is made from a shop, or a railway ticket purchased.
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This glossary post was last updated: 7th April, 2020 | 0 Views.