Simple contract


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SIMPLE CONTRACT. One, the evidence of which is merely oral, or in writing, not under seal, nor of record. 1 Chit. Contr. 1 1 Chit. Pl. 88; and vide 11 Mass. R. 30 11 East, R. 312; 4 Barn. & Ald. 588; Stark. Ev. 995; 2 Bl. Com. 472.
     2. As contracts of this nature are frequently entered into without thought or proper deliberation, the law requires that there be some good cause, consideration or motive, before they can be enforced in the courts. The party making the promise must have obtained some advantage, or the party to whom it is made must have sustained some injury or inconvenience in consequence of such promise; this rule has been established for the purpose of protecting weak and thoughtless persons from the consequences of rash, improvident, and inconsiderate engagements. See Nudum pactum. But it must be recollected this rule does not apply to promissory notes, bills of exchange or commercial papers. 3 M. & S. 352.

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1 for a simple contract with a terminal bonus participation rate only.
A gift annuity is a simple contract that we prepare by which a donor contributes assets of $10,000 or more, usually cash or stock, in exchange for a specific dollar amount of income for life in the form of a regular annuity payment.
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The off-site service is a relatively simple contract cleaning facility where parts are cleaned on behalf of customers at Layton's facilities.
Years ago, a simple contract between a willing seller and buyer might have been sufficient, perhaps later superseded by Uniform Commercial Code language.
The new extended suite of services gives cost-effective delivery of a range of specialist services under one simple contract, which has been customised to the specific needs of our customer's business," explains Mike Crawford, senior vice president of Automation Products/Process Automation Service in the UK.
Instead, the college asserted that the sabbatical question is one of simple contract law.
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Marriage is indeed more than a simple contract between spouses.

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