Which of the Following Is True About Contract Law in China

question 42

Multiple Choice

Which of the following is true about contract law in China?

• A)China has seven chapters of general provisions for contracts but also has chapters with special provisions for 15 different types of contracts.
• B)China does not have laws regarding contracts.
• C)China has general provisions for contracts,but no specific provisions for different types of contracts.
• D)China's contacts laws are very similar to those of the United States.
• E)China only follows international laws regarding contracts.

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Definitions:

Option to Expand

A strategic investment option that gives a business the flexibility to increase its operations or output at a later date.

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A large area of land designed for the game of golf, featuring a series of holes with various configurations and hazards.

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An individual or company that engages in the business of real estate development, including acquiring land, financing real estate deals, building or having builders construct projects.

U-joint Cross

The central component of a universal joint, which allows for the transfer of rotary motion between misaligned shafts.