A and B are negotiating a contract by faxes going back and forth between them.During their negotiations,they agree on the subject matter of the contract,the price,and the date of performance.However,both agree that once the negotiations are complete,a formal written contract will be prepared and signed.In this situation
A) one issue is whether the decision of A and B to put the negotiations into a formal written contract is a mere expression of their desire as to the manner in which the contract transaction will proceed.
B) one issue is whether the negotiations contain all of the essential elements of a contract.
C) one issue is whether the decision of A and B to put the agreement that arises out of the negotiations into a formal written contract is a term of the agreement.
D) one issue is whether the decision of A and B to put the negotiations into a formal written contract is a condition precedent to the formation of a contract.
E) none of the above
Correct Answer:
Verified
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