Under the Common Law,a Contract Cannot Be Formed Until an Offer

question 172

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 judge"
• C)a contract "may be made in any manner sufficient to show agreement" between the parties
• D)a contract cannot be formed until an offer is clearly accepted
• E)none of the other choices are correct

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Definitions:

Logical Incrementalism

A strategic management process of making decisions step-by-step based on logical analysis and practical considerations.

Vague Feeling

An indistinct or unclear emotional state that is difficult to define or express precisely.

Threat

A potential source of harm or adverse effect on someone or something, which may be real or perceived.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen; often seen as a chance for progress or advancement.