Which Statement Is Correct Regarding Similarities Between American and European

question 57

Multiple Choice

Which statement is correct regarding similarities between American and European contract law?

• A) U.S. law is provided guidance through statutory enactments known as the Restatements of the Law, but European law relies entirely on the CISG.
• B) U.S. law is provided guidance through the UCC, a federal statutory enactment, but European law relies entirely on the CISG.
• C) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has begun crafting its own version of the U.S. Restatement of Contracts.
• D) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments, but Europe has refused to consider crafting its own version of the U.S. Restatement of Contracts.
• E) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has disavowed the CISG choosing to follow a code similar to the U.S. Restatements of the Law.

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Definitions:

Civil Unions

A legally recognized union of a couple, similar to marriage, which provides some but not all the rights and responsibilities of marriage under the law.

Same-sex Couples

Romantic or marital relationships between two individuals of the same gender.

Exchange of Property

The act of giving something of value to someone else in return for another item or service.

Authority

The power or right to give orders, make decisions, and enforce obedience.