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Terms Used In New Jersey Statutes 12A:2-203

  • Contract: A legal written agreement that becomes binding when signed.
The affixing of a seal to a writing evidencing a contract for sale or an offer to buy or sell goods does not constitute the writing a sealed instrument and the law with respect to sealed instruments does not apply to such a contract or offer.

L.1961, c. 120, s. 2-203.