The difference between a simple and specialty contract?

Answer 1

A simple contract can be made orally, in writing or by the implications deemed from the actions of the parties. A specialty contract must be signed by the parties sealed, for example with a company seal and finally it must be delivered.

Answer 2

A simple contract is a legally binding agreement between two or more parties that typically involves the exchange of goods or services for money. It follows the basic elements of a contract, such as offer, acceptance, consideration, and mutual assent. On the other hand, a specialty contract is a contract that is executed under seal, which gives it added formality and legal significance. Specialty contracts are often used for high-value transactions or agreements that require an extra level of assurance or formality.

Answer 3

Well, honey, a simple contract is your basic "I scratch your back, you scratch mine" agreement, while a specialty contract is like adding a fancy bow tie to it - it's more specific and tailored to the situation. Think of a simple contract as a plain old cheeseburger and a specialty contract as a gourmet burger with all the fancy toppings. Both get the job done, but one just has a little extra pizzazz.

Answer 4

Ah, a simple contract is like a happy little tree, straightforward and easy to understand. It lays out the basic terms of an agreement in a clear and concise manner. On the other hand, a specialty contract is like a beautiful mountain landscape, more intricate and specific to certain unique circumstances or requirements. Just remember, whether simple or specialty, each contract is a unique masterpiece waiting to be painted with understanding and care.