Asked by Taylor Lopez on Apr 27, 2024
Verified
In Cabot Oil & Gas Corporation v.Daugherty Petroleum,Inc. ,the case in the text,the court determined whether the parties intended for a written document to be their formal written contract.Which of the following was not one of the factors the court considered?
A) Whether the contract has few or many details
B) Whether a reasonable person would believe such a document to be a binding contract
C) Whether the contract amount is large or small
D) Whether the negotiations themselves indicate that a written draft is contemplated as a final conclusion of the negotiations
Written Document
A physical or digital record that contains information or evidence in a format that can be read or understood.
Binding Contract
A legally enforceable agreement between two or more parties, where each is obligated to fulfill certain terms or face legal consequences.
Negotiations
The process of discussion aimed at reaching an agreement or compromise between two or more parties.
- Explain the principle of contract formation without a formal agreement and the factors influencing it.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
The court considered six factors: (1)"whether the contract is of that class … usually found to be in writing"; (2)"whether it is of such nature as to need a formal writing for its full expression"; (3)"whether it has few or many details"; (4)"whether the amount involved is large or small"; (5)"whether it is a common or unusual contract";and (6)"whether the negotiations themselves indicate that a written draft is contemplated as a final conclusion of the negotiations."
Learning Objectives
- Explain the principle of contract formation without a formal agreement and the factors influencing it.