Which of the Following Are Formal Contracts

question 6

Multiple Choice

Which of the following are formal contracts?

• A)Contracts under seal
• B)Implied-in-law contracts
• C)Letters of credit
• D)Contracts under seal and letters of credit,but not implied-in-law contracts
• E)Contracts under seal,letters of credit,and also implied-in-law contracts

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Definitions:

Communication Channels

The mediums through which information is transmitted from one entity to another, including verbal, non-verbal, and digital pathways.

Win-Win Position

A situation or outcome in which all parties involved gain or benefit in some way.

Democratic Vote

A method of decision-making within a group where each member has an equal say or vote in the outcome.

Collaborative Approach

A method of working together that involves mutual engagement of parties to achieve a common goal through sharing knowledge, learning, and building consensus.