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Legal Terms & Definitions

In the booklet, a "contract" is:

A

An agreement between competent parties for legal consideration by which each acquires rights.

B

A county clerk certificate of official character.

C

A sworn written statement before a notary only.

D

A criminal contempt order entered by a court.

Correct Answer

A. An agreement between competent parties for legal consideration by which each acquires rights.

Detailed Explanation

The glossary definition is broader than notarial paperwork alone. In "Definitions and General Terms," a contract is an agreement between competent parties to do or not do certain things for legal consideration, whereby each party acquires a right to what the other possesses. For contrast, an affidavit is a sworn statement, not a contract.

Legal Terms & Definitions Question #207
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