Identify the Correct Statement About Contracts

question 64

Multiple Choice

Identify the correct statement about contracts.

• A)Generally speaking,contracts are a form of public law.
• B)A contract represents mutual assent to a bargained-for exchange between parties.
• C)Universally,people disagree that breaching a contract carries ethical implications.
• D)When a legally enforceable contract is breached,the injured party cannot seek damages.
• E)All contracts are legally unenforceable promises.

---

Definitions:

Teaching

The act or profession of educating students, imparting knowledge or skills to others through various methodologies.

Creative Destruction

A concept in economics that refers to the process through which new innovations lead to the demise of older technologies and economic structures.

Social Destruction

The process by which the social fabric of a community or society is damaged or degraded, often through conflict, neglect, or adverse policies.

Creative Destruction

An economic theory that suggests that old industries or technologies are destroyed and replaced by new ones for economic growth and development.