Common law relating to the formation of contracts has little relevance in the business world today.

Question

Quizplus · Accepted Answer

Common law relating to the formation of contracts is still highly relevant in the business world today. Many contracts are still formed based on common law principles such as offer and acceptance, consideration, and intention to create legal relations. Additionally, even where contracts are formed based on other legal principles, understanding common law principles can be important in interpreting and resolving disputes related to those contracts.

Common Law Relating to the Formation of Contracts Has Little