Identify the correct statement about common-law contracts.
A)Common-law governs contract between merchants and the sale of goods.
B)If all elements of common-law contract formation exist,then the contract is voidable.
C)All common-law contracts are bilateral.
D)Offer and consideration together form mutual assent.
E)The acceptance must be precisely the same as the offer.

Question

Quizplus · Accepted Answer

Under common law, the acceptance must mirror the offer exactly for a contract to be formed, known as the "mirror image rule."

Identify the Correct Statement About Common-Law Contracts