Asked by Latanya Haynes on Jun 28, 2024
Verified
The term ________ originated from the days when a contract was literally sealed by a piece of soft wax into which an impression was made.
A) Implied-in-fact contracts
B) Implied-in-law contracts
C) Contracts under wax
D) Contracts under seal
E) Contracts under pressure
Contracts under Seal
Formal contracts which are validated by the seal of the signing party, symbolizing a deliberate intention to undertake obligations.
Soft Wax
A material used primarily for aesthetic purposes, such as enhancing the finish of wood or in hair removal procedures.
Impression
The effect or influence that something or someone produces on the mind or feelings; a perception or interpretation of something.
- Utilize essential principles for the interpretation of contracts and grasp the significance of formality in contractual agreements.
Verified Answer
CK
Challa KeerthiJul 03, 2024
Final Answer :
D
Explanation :
The term "Contracts under seal" originated from historical practices where a piece of soft wax was used to seal a document, and an impression was made in the wax as a form of authentication or agreement.
Learning Objectives
- Utilize essential principles for the interpretation of contracts and grasp the significance of formality in contractual agreements.