Examlex
Which of the following is true about concrete words?
Binding Contract
An agreement between two or more parties that is legally enforceable and has all the essential elements of a contract.
Formal Document
A document that follows established conventions or requirements, often used in professional or legal contexts.
Formal Contract
A contract that adheres to a specific form or is ceremonial in nature, often requiring written documentation and signatures.
Simple Contract
A written or verbal contract not under seal; also called a parol contract.
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