The unsecured creditors were formerly divided into creditors by specialty and by simple contract, the first being creditors secured by instrument under seal who ranked in priority to simple contract creditors.
The personal assets were those which devolved virtute officii on the executor or administrator; such assets are since Hinde Palmer's Act available equally for specialty and simple contract creditors.
Any offer for the formation of a simple contract, while unaccepted, may be withdrawn.
Both parties to a simple contract must in effect be bound, and until they are, there is no contract.
A simple contract is a promise, or promises, to which the parties have assented, and for which a price called consideration has been paid.
A simple contract, to be recognized as binding by the courts of Henry VI.
It is now time to analyze the nature of a promise, which is the second and most conspicuous element in a simple contract.
If Fleta had confined his statement to debts by simple contract, it might well have been suggested by the existing state of the law.
Any other debt than a judgment or specialty debt, whether evidenced by writing or not, is a simple contract debt.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "simple contract" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
