Which of the Following Statements Is True

question 3

Multiple Choice

Which of the following statements is true?

• A) There is a common consensus as to the meaning of good faith in contract law.
• B) English common law recognises a general duty of good faith.
• C) Good faith in contract law imposes limits on self-interested conduct and requires some regard for the interests of the other party.

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Definitions:

Attest To

To provide or serve as clear evidence of a fact or to certify something formally.

Acknowledge

To recognize, admit, or accept the existence, truth, or validity of something.

Admit To

To confess or acknowledge something, often referring to acceptance of a fact or situation.

Per Capita

A statistical measure expressed as the average per person for a given area, such as income per capita.