Asked by DESIREE RAMIREZ on Jul 29, 2024
Verified
Which of the following characterizes the Code's standards of definiteness?
A) It sees courts as contract enforcers.
B) It requires a high degree of definiteness in contracts.
C) It can create contractual liabilities.
D) It cannot fill in gaps in contracts.
Code's Standards
Specific guidelines or rules within a legal, regulatory, or institutional framework that dictate the minimum acceptable levels of safety, ethics, or performance.
Contractual Liabilities
Obligations that a party is bound to fulfill according to the terms of a contract.
- Appreciate the role of the Uniform Commercial Code (UCC) in transforming standard contract norms, particularly in relation to defining offers and completing gaps in agreements.
Verified Answer
ZK
Zybrea KnightAug 03, 2024
Final Answer :
C
Explanation :
The UCC creates contractual liabilities in situations where no contract would have resulted at common law.
Learning Objectives
- Appreciate the role of the Uniform Commercial Code (UCC) in transforming standard contract norms, particularly in relation to defining offers and completing gaps in agreements.
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