If It Appears That the Parties Had Concluded Their Negotiations

question 71

Multiple Choice

If it appears that the parties had concluded their negotiations and reached agreement on all the essential aspects of the transaction,most courts would probably find a contract at the time agreement was reached,even though no formal agreement had been signed.Which of the following is an exception to this rule?

• A)During the negotiation process,the parties gave a clear expression of intent that prevents the formation of a contract until both parties have signed.
• B)The parties provide proof of prior dealings that indicate an agreement is usually only reached between the parties when it is put into writing.
• C)The parties demonstrate that it is customary in their trade to only sign written agreements.
• D)The parties demonstrate that it was not their intention to be in a binding agreement until it was put into writing and signed.

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Definitions:

Population Locations

Refers to the geographical areas where specific populations reside.

Nonparametric Counterpart

A statistical method that does not assume a specific distribution for the data.

Parametric One-way Analysis

A type of parametric test that assesses for significant differences between more than two groups based on one independent variable.

Kruskal-Wallis Test

A nonparametric statistical test used to determine if there are statistically significant differences between three or more groups of an independent variable on a continuous or ordinal dependent variable.