Which of the Following Characterizes the Method for Avoiding the Application

question 59

Multiple Choice

Which of the following characterizes the method for avoiding the application of the rule established by Dickinson v.Dodds [1876] 2 Ch.D.463 (C.A.) ?

• A) use of words that imply contract formation
• B) agreement by the parties on price
• C) enforcement of a gratuitous promise
• D) formation of an option agreement

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Definitions:

Karl Marx

A 19th-century philosopher, economist, and socialist who analyzed the effects of capitalism and proposed a revolutionary class struggle leading to a society with no class distinctions.

Public Ownership

Ownership of assets by the government or a government entity, rather than by private individuals or organizations.

Laissez-faire

An economic system in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, and tariffs.

Capitalist Economy

An economic system where private individuals and business owners control the production, distribution, and exchange of goods and services, typically driven by profit motives.