Identify the Correct Statement About Common-Law Contracts

question 56

Multiple Choice

Identify the correct statement about common-law contracts.

• A)Common-law governs contract between merchants and the sale of goods.
• B)If all elements of common-law contract formation exist,then the contract is voidable.
• C)All common-law contracts are bilateral.
• D)Offer and consideration together form mutual assent.
• E)The acceptance must be precisely the same as the offer.

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