Which of the following is characteristic of contract law during the twentieth century compared with contract law in the nineteenth century?
A) Privity of contract gained in importance.
B) Many of the formalities of contract formation were relaxed.
C) Contract liability is absolute and escape from liability,once assumed,is rare.
D) There is a narrower view of contract damages.

Question

Quizplus · Accepted Answer

Many of the formalities of contract formation were relaxed, such as the requirement of a seal or consideration. Privity of contract was actually diminished in importance, and there is a broader view of contract damages today. While contract liability is still generally binding, there are more exceptions and defenses available in modern contract law.

Which of the Following Is Characteristic of Contract Law During