Kate has entered into a binding agreement to sell a house to Michael.When Michael shows up to complete the deal as per the agreement,Kate refuses to go through with the transaction.Which of the following best categorizes Kate and Michael's issue in the context of classifications of laws?
A) This is a public law issue regarding substantive law.
B) This is a private law issue regarding contract law.
C) This is a public law issue regarding property law.
D) This is a private law issue regarding criminal law.
E) This is a public law issue regarding tort law.

Question

Quizplus · Accepted Answer

Kate's and Michael's issue in the scenario is a private law issue regarding contract law. Private law covers those legal problems and issues that concern a person's private resource relationships with other people. Private law traditionally includes contract law, which covers the rules of how owners transfer resources by exchanging them.

Kate Has Entered into a Binding Agreement to Sell a House