Under what circumstances would a judge who is determining a remedy to a commercial dispute consider that a contract does not exist even though all of the required elements of reaching an agreement are present?
A) A phrase indicates the agreement is subject to formal contract.
B) A contract lacks sufficient consideration for both parties.
C) A contract lacks adequate consideration for both parties.
D) A phrase indicates the agreement is subject to its exact wording.

Question

Quizplus · Accepted Answer

A judge may consider that a contract does not exist if a phrase indicates the agreement is subject to a formal contract, as this suggests the parties did not intend to be legally bound until a formal contract is executed.

Under What Circumstances Would a Judge Who Is Determining a Remedy