Every contract has both:

Question

Quizplus · Accepted Answer

Every contract involves an offer by one party (offeror) and acceptance of that offer by the other party (offeree). Therefore, option B, which suggests that every contract has an offeror and offeree, is the best choice. Option A is incorrect because not every contract involves a buyer and seller. Option C is incorrect because not every contract involves a breach. Option D is incorrect because not every contract involves an initiator and a responder.

Every Contract Has Both