Question

The term _____ comes from the days when the contract was literally sealed by a piece of soft wax into which an impression was made. -Under wax -in the King's hand -Implied-in-law -under seal -Implied-in-fact

Answer 1

Answer: Under wax

Before the contract laws were reformed, a contract that was sealed with wax was accorded special status.

This is because the existence of a wax seal on a contract was considered as the first evidence that a contract was made.

The wax seals were affixed impress the importance of contract upon the parties to it.

It was also meant to demonstrate that both the parties to the contract intended to enter into a legally binding transaction.