Which of the Following Was Propounded by Prominent Legal Scholars

question 76

Multiple Choice

Which of the following was propounded by prominent legal scholars, recruited by the American Law Institute?

• A) The Restatement Second of the Law of Contracts.
• B) The Convention on Contracts for International Sales of Goods.
• C) Common law.
• D) Both common law and the Convention on Contracts for International Sales of Goods.
• E) Both the Convention on Contracts for International Sales of Goods and the Restatement Second of the Law of Contracts.

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Definitions:

U.S. Assets

Properties, investments, and other financial resources owned by individuals, businesses, and the government in the United States.

Gold Standard

A monetary system where a country's currency has a value directly linked to gold, allowing it to be exchanged for a specific amount of gold.

Gold Certificates

Certificates that were once issued by the United States government, representing a specific value of gold bullion held by the Treasury.

Trade Deficits

A situation where a country's imports exceed its exports, resulting in a negative balance of trade.