How does the basic premise of contract law differ from tort law?
A) Contract actions are intended to allow the government to impose penalties for failure to follow contracts; tort law is intended to allow private individuals to impose penalties on each other for failure to fulfill a bargain.
B) Tort actions are intended to allow the government to impose penalties; contract law is intended to allow private individuals to impose penalties on each other for failure to fulfill a bargain.
C) Contract actions are created to enforce the intentions of parties to an agreement; tort law is primarily designed to vindicate social policy
D) Tort actions are created to enforce the intentions of parties to an agreement; contract law is primarily designed to vindicate social policy
E) Tort law and contract law have the same basic premise
Correct Answer:
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