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3.3 The general rule regarding contracts is that no formalities are required. However, there are some exceptions where formalities are indeed required by law. Name

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3.3 The general rule regarding contracts is that no formalities are required. However, there are some exceptions where formalities are indeed required by law. Name the types of contract(s) where formalities are required by law; the Act(s) that prescribe(s) the formalities as well as the consequences of non-compliance. (12)

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