Answered: An antenuptial contract must be…

Business

Accounting

An antenuptial contract must be notarially executed to be valid between the contracting parties. True or false?

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter12: Contracts And Sales:introduction And Formation

Section: Chapter Questions

Problem 4QAP

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Concept explainers

Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.

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An antenuptial contract must be notarially executed to be valid between the contracting parties. True or false?

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