Editing Contracts/Formal requisites
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{{:Contracts/TOC | {{:Contracts/TOC}} | ||
== Seal == | == Seal == | ||
A contract under seal is a contract to which the seal of the party or parties executing it is affixed, and which derives its validity from its form alone, and not from the fact of agreement<ref>See [[Contracts/Acceptance#Acceptance by Assent|Acceptance § Acceptance by Assent]].</ref> to or from consideration<ref>See [[Contracts/Consideration#Contracts under seal|Consideration § Contracts under seal]]</ref> A contract under seal is necessary at common law where the promise is without consideration, and in many jurisdictions conveyances of land and certain other contracts are required by statute to be under seal. Contracts under seal are treated under other titles. Contracts under seal are also known as specialties.<ref>See Doyle v. West, 60 Oh. St. 438, 447, 54 NE 469.</ref> | A contract under seal is a contract to which the seal of the party or parties executing it is affixed, and which derives its validity from its form alone, and not from the fact of agreement<ref>See [[Contracts/Acceptance#Acceptance by Assent|Acceptance § Acceptance by Assent]].</ref> to or from consideration<ref>See [[Contracts/Consideration#Contracts under seal|Consideration § Contracts under seal]]</ref> A contract under seal is necessary at common law where the promise is without consideration, and in many jurisdictions conveyances of land and certain other contracts are required by statute to be under seal. Contracts under seal are treated under other titles. Contracts under seal are also known as specialties.<ref>See Doyle v. West, 60 Oh. St. 438, 447, 54 NE 469.</ref> |