Question
Which one of the following would not be a valid contract made under seal? a.A gratuitous written promise made under seal to donate $400 to
Which one of the following would not be a valid contract made under seal?
a.A gratuitous written promise made under seal to donate $400 to the Red Cross
b.A signed formal deed under seal to transfer a house to a favourite nephew
c.A contract made under seal after commencing employment where an employee promised never to reveal the employer's trade secrets to any competitor
d.A contract made under seal by a 17-year-old to buy a big screen TV entertainment system, with the agreement to pay $1200, the fair market price.
e.A written promise made under seal to paint a house for $400.
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The answer is d A gratuitous promise under seal to pay someone 100 in ...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
