Asked by sujana dontukurthy on May 08, 2024
Verified
Contracts are typically between one party and:
A) the federal government
B) the state government
C) another private party
D) an international agency on commerce
Private Party
An individual or a privately owned entity engaging in transactions or events, distinct from governmental or public parties.
Federal Government
The national government of a federal state, where powers are divided between the central government and constituent territorial units.
State Government
The government of an individual state within a federal system, responsible for local laws and governance within its territory.
- Recognize the applicability and scope of the Uniform Commercial Code (UCC) and the Common Law in contract governance.
Verified Answer
DW
Danielle WashingtonMay 09, 2024
Final Answer :
C
Explanation :
Contracts are between individuals,not the government.When parties contract,they create private law that can be enforceable in the courts.
Learning Objectives
- Recognize the applicability and scope of the Uniform Commercial Code (UCC) and the Common Law in contract governance.