The Most Important Element in Determining Whether a Sales Contract

question 28

Multiple Choice

The most important element in determining whether a sales contract has been made is the:

• A) language of the contract.
• B) fact that the terms of the offer and acceptance are exactly alike.
• C) number of open terms.
• D) intention of the parties to make a contract.

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Definitions:

Judgment

A formal decision or conclusion by a court or judge.

U.S. Supreme Court

The highest court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal law.

Court of Last Resort

The highest court in a jurisdiction from which there is no appeal, often referred to as a supreme court.

State Law

Regulations and statutes enacted by the legislative bodies of individual states, different from federal laws.