Which of the Following Is True Regarding Similarities Between American

question 9

Multiple Choice

Which of the following is true regarding similarities between American and European contract law?

• A) U.S. law is provided guidance through statutory enactments known as the Restatements of the Law, but European law relies entirely on the CISG.
• B) U.S. law is provided guidance through the UCC, a federal statutory enactment, but European law relies entirely on the CISG.
• C) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has begun crafting its own version of the U.S. Restatement of Contracts.
• D) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments, but Europe has disavowed any such similar document choosing instead to rely on the CISG.
• E) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has disavowed the CISG choosing to follow a code similar to the U.S. Restatements of the Law.

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Definitions:

Primed

The state of being mentally prepared or made ready for a specific task or reaction, often unconsciously influenced by prior stimuli.

Demolition Derby

A motorsport event where drivers compete by deliberately ramming their vehicles into one another, with the last operational vehicle declared the winner.

Reckless

Marked by a lack of consideration for the consequences of one’s actions, often leading to potential harm or danger.

Paradoxical

Describes something that appears self-contradictory or absurd but may in fact contain a possible truth.