Which one of the following would not be a valid contract made under seal? a.A gratuitous written

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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.

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Feb 02, 2021 01:18 AM

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Which one of the following would not be a valid contract made under seal? a.A gratuitous written

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The answer is d A gratuitous promise under seal to pay someone 100 in ... View the full answer

Accounting concepts and applications

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