The "Bottom Line" in deciding if there is a contract is:

Question

Quizplus · Accepted Answer

The best way to determine if there is a contract is by examining whether the parties are acting as if there is a contract even if the terms are not formalized in writing. While the written word may be helpful in determining the terms of the agreement, it is not the sole determinant in determining if a contract exists. The UCC may be relevant if the contract involves the sale of goods, but it is not applicable in all cases. Litigation or arbitration may be needed if there is a dispute, but it is not the first step in determining if a contract exists.

The "Bottom Line" in Deciding If There Is a Contract