How Does the Basic Premise of Contract Law Differ from Tort

question 13

Multiple Choice

How does the basic premise of contract law differ from tort law?

• A)Tort law and contract law have the same basic premise
• B)Contract actions are created to enforce the intentions of parties to an agreement;tort law is primarily designed to vindicate social policy
• C)Tort actions are created to enforce the intentions of parties to an agreement;contract law is primarily designed to vindicate social policy
• D)Contract actions are intended to allow the government to impose penalties for failure to follow contracts;tort law is intended to allow private individuals to impose penalties on each other for failure to fulfill a bargain.
• E)Tort actions are intended to allow the government to impose penalties;contract law is intended to allow private individuals to impose penalties on each other for failure to fulfill a bargain.

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Definitions:

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A transportation service that operates during nighttime hours, allowing passengers to travel long distances while sleeping.

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The value of the best alternative that must be foregone as a result of choosing another option.

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The allocation of resources, usually money, in the expectation of generating an income or profit.

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Decision-making processes within a company regarding when to cease operations temporarily or permanently due to various reasons, such as unprofitability.