Question: Formal contracts are contracts that require a special form or method of creation. The Restatement ( Second ) of Contracts identifies four types of formal
Formal contracts are contracts that require a special form or method of creation. The Restatement Second of Contracts identifies four types of formal contracts. Which of the following is NOT one of those formal contracts?
A negotiable instruments
B letters of credit
C simple contracts
D contracts under seal
E recognizance
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