Contract law is significant in that it is basic to other fields of law such as:
A) sales of personal property.
B) commercial paper.
C) secured transactions.
D) All of these.

Question

Quizplus · Accepted Answer

Contract law is essential to all of the listed fields, as they all involve agreements between parties that are governed by contracts. Sales of personal property involve contracts for the transfer of ownership, commercial paper involves contracts for payment, and secured transactions involve contracts for collateral. Therefore, a strong understanding of contract law is necessary in order to properly navigate these areas of law.

Contract Law Is Significant in That It Is Basic to Other