Asked by prabh saini on Jun 26, 2024
Verified
The ________ of contracts is court-made law that is in a constant state of evolution.
A) Common law
B) Statutory law
C) The Uniform Commercial Code
D) Administrative law.
Common Law
A collection of legal principles established by judicial decisions, instead of being formulated through legislative processes or documented in formal statutes.
Statutory Law
Laws enacted by a legislative body, such as Congress or a state legislature, that governs society and is codified in statutes.
- Analyze the significance of the evolution of contract law in the context of business practices.
Verified Answer
CL
Cristina LariosJul 01, 2024
Final Answer :
A
Explanation :
The common law of contracts is court-made law that,like all court-made law,is in a constant state of evolution.
Learning Objectives
- Analyze the significance of the evolution of contract law in the context of business practices.