Under the Common Law, a Contract Cannot Be Formed Until

question 381

Multiple Choice

Under the common law, a contract cannot be formed until an offer is clearly accepted. Under UCC Article 2:

• A) a contract "must be notarized" and must "show sufficient agreement" between the parties
• B) a contract "may be made only in the presence of a judicial official"
• C) a contract "may be made in any manner sufficient to show agreement" between the parties
• D) a contract is not formed until an offer is clearly accepted
• E) none of the other choices are correct

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Definitions:

Performance

Refers to the act of executing a task or the level of efficiency and effectiveness with which an activity is carried out.

Informally

In an unofficial or casual manner, without strict adherence to rules or formalities.

Being Socialized

The process by which individuals learn and internalize the values, beliefs, and norms of their culture, shaping their behavior and perspectives.

Mead

Refers to George Herbert Mead, a sociologist and philosopher known for his work on the development of self and the social process of symbolic interactionism.