Unlike a "Service, " a "Good

question 14

Multiple Choice

Unlike a "service, " a "good"

• A)is desirable
• B)uses resources to satisfy wants
• C)is physical and tangible
• D)is abundant and free
• E)is a resource

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Definitions:

20th Century Contract Law

The legal principles and rules governing contracts that were developed and evolved during the 20th century, focusing on agreements, obligations, and remedies for breach.

Subjective Standard

A criterion for judgment based on personal feelings, tastes, or opinions rather than external facts.

Outward Manifestations

Actions or expressions that show an intention to make an agreement or contract, observable to others.

Parties' Intent

The actual aim or purpose that contracting parties had in mind at the time of entering into an agreement.