Which of the following is true for terms to be expressed in a contract under the common law of contract?
A) Additional terms can be added during acceptance.
B) Additional terms can be added without consideration.
C) Gap-filling rules are permitted for time, delivery, and prices of goods.
D) Contract must contain all the material terms of the parties' agreement.

Question

Quizplus · Accepted Answer

The common law of contract requires all material terms of the parties' agreement to be expressed in the contract. This means that the contract must contain all important elements such as the identities of the parties, subject matter, price, quantity, and time of performance. Any additional terms must also be included in the contract to be legally binding. Gap-filling rules are not permitted in the common law of contract, meaning that any missing terms cannot be filled in by the courts.

Which of the Following Is True for Terms to Be