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Consideration is presumed to exist in contracts under seal. A seal may be any one of the following:
1. an impression on the document,
2. a paper or wax affixed to the document (perhaps inscribed with a design), or
3. the word «Seal» or the letters «L.S.» (an abbreviation for the Latin words meaning «place of the seal») on the document.
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What do the letters «L.S.» mean?
The letters «L.S.» are an abbreviation for the Greek words meaning «place of the seal».
The letters «L.S.» are an abbreviation for the Latin words meaning «place of the sail».
The letters «L.S.» are an abbreviation for the Latin words meaning «label of the seal».
The letters «L.S.» are an abbreviation for the Latin words meaning «place of the seal».