Asked by Jasmine Simpson on Jun 11, 2024
Verified
A check is an informal contract.
Informal Contract
A contract that does not require a specified form or formality in order to be valid.
- Identify the differences between formal and informal contracts.
Verified Answer
RT
Rodney ThompsonJun 11, 2024
Final Answer :
False
Explanation :
A check is a formal contract that instructs a bank to pay a specific amount of money from a person's account to another individual or entity.
Learning Objectives
- Identify the differences between formal and informal contracts.