Contract law:
A) has seen little change during the nineteenth and twentieth centuries.
B) has experienced an expansion of the absolute freedom of contract during the twentieth century.
C) today usually recognizes contractual obligations whenever the parties manifest an intent to be bound.
D) requires privity between parties seeking to enforce contractual rights.

Question

Quizplus · Accepted Answer

Contract law today usually recognizes contractual obligations whenever the parties manifest an intent to be bound. This means that a contract may be formed even if it is not in writing, as long as both parties intended to be bound by the terms of the agreement. Choices A, B, and D are not accurate statements.

Contract Law