Which of the Following Statements Concerning Contracts Isincorrect

question 27

Multiple Choice

Which of the following statements concerning contracts isincorrect?

• A)A contract is an agreement between parties to do something and can be made either by speaking,writing,or conduct.
• B)In the United States an oral contract is legally enforceable if the parties admit that the contract was made.
• C)In Japan most contract disputes are discussed and resolved through legal intervention.
• D)The word contract is important to legal enforceability.

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Definitions:

Constitutional Convention

A formal assembly of delegates with the purpose of drafting or revising a constitution or laws.

Producer Groups

Producer groups are associations or collectives of manufacturers, farmers, or businesses working in the same industry that advocate for their common economic interests, influence policy, and provide mutual support.

Collective Action Problem

A situation where individuals in a group have difficulty achieving a common goal because their best personal outcome does not align with the collective best.

Pluralist Theory

A political theory suggesting that power is distributed among many groups in a society, including interest groups, ensuring that no single entity has complete control.