In the US,Which of the Following Are the Two Most Important Sources

question 61

Multiple Choice

In the U.S.,which of the following are the two most important sources of contract law?

• A) Case law and the Restatement of Law, Contracts.
• B) Case law and the Uniform Commercial Code.
• C) The Uniform Commercial Code and the Convention on Contracts for International Sales of Goods.
• D) Case law and the Convention on Contracts for International Sales of Goods.
• E) The Convention on Contracts for International Sales of Goods and the Restatement of the Law, Contracts.

---

Definitions:

Bilateral Contract

A type of contract involving two parties where each side promises to perform an act in exchange for the other party's act.

Bilateral Contract

An agreement where each of the two parties makes a promise or set of promises to the other.

Unilateral Contract

A contract in which one party makes a promise in exchange for an act by another party, who accepts the offer by performing the requested act.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as patents, copyrights, trademarks, and trade secrets.