Which of the Following Is Characteristic of Contract Law During

question 9

Multiple Choice

Which of the following is characteristic of contract law during the twentieth century compared with contract law in the nineteenth century?

• A) Privity of contract gained in importance.
• B) Many of the formalities of contract formation were relaxed.
• C) Contract liability is absolute and escape from liability,once assumed,is rare.
• D) There is a narrower view of contract damages.

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Definitions:

Tender Offers

Public offers made by a person or entity to purchase a significant percentage of a company's shares or bonds.

Cash-Out Combinations

Business transactions where shareholders of a company being acquired or merged are paid in cash instead of receiving shares of the acquiring or merging entity.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares and typically do not have controlling interests or significant influence on business decisions.

Oppressive Acts

Behaviors or actions by directors or majority shareholders in a corporation that are burdensome, harsh, or wrongful against minority shareholders.