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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contract
What does specialty contract mean.
What are the elements of a specialty contract
And how is it different from a simple contract.
A specialty contract is a contract that has been made ‘under seal’ … technically it has been ‘signed, sealed and delivered in the presence of witnesses’
A simple contract is a contract that isn’t a specialty contract
That explanation answers the remainder of your post
OK?
