Which of the Following Is True

question 253

Multiple Choice

Which of the following is true?

• A)The completion of the transcontinental railroad system in the 1880s eventually made the United States the world's first mass market.
• B)Southern manufacturers were hurt by the high protective tariffs of the 19th century that kept out cheaper British manufactured goods.
• C)The national railroad network created an "American economy" rather than just a series of regional economies located in one country.
• D)Agricultural inventions such as John Deere's steel plows greatly improved farm productivity.
• E)All of the choices are truE.

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Definitions:

Mistake Of Value

A legal concept referring to an error made by one or both parties at the time of contract formation, concerning the value of the goods or services to be exchanged.

European Courts

Judicial institutions operating within Europe, including both national courts of individual sovereign countries and transnational courts such as the European Court of Justice.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another, when the latter has reasonably relied on that promise to their detriment.

Consideration

A crucial element in contract law, referring to something of value promised to another when forming a contract.