Which of the Following Statements Is Not True of a Deed

question 11

Multiple Choice

Which of the following statements is not true of a deed?

• A)A deed is a formal written contract.
• B)A deed is signed by the parties before a witness and expressed to be sealed and delivered.
• C)A deed is a formal written contract expressed to be a deed.
• D)When enforcing a deed it is necessary to show that the promisee provided consideration for the promise.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

Government Borrowing

The process by which a government obtains funds from the private sector or other countries, typically through issuing securities.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency globally.