Another concept crucial to the study of contract law is the notion of _______________ wherein in most contract negotiations, there is an assumption that all parties are making promises they mean to keep.

Question

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The correct answer is C) good faith. In contract law, the notion of good faith is crucial as it implies that all parties involved in a contract negotiation are assumed to be making promises that they intend to keep. This concept ensures that the contractual agreement is based on mutual trust and sincerity.

Another Concept Crucial to the Study of Contract Law Is