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What is the legal meaning of the word “simple” in the expression “valid simple contract”?

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What is the legal meaning of the word “simple” in the expression “valid simple contract”?

A.

The consideration for the contract is less than £5,000

B.

There are 5 or fewer parties to the contract

C.

The contract has no implied term

D.

The contract does not have to be in any particular form

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  • Update on: Jan 31, 2026
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TESTED 31 Jan 2026