Identify the Correct Statement About Common-Law Contracts

Multiple Choice

Identify the correct statement about common-law contracts.

A) Common-law governs contract between merchants and the sale of goods.
B) If all elements of common-law contract formation exist,then the contract is voidable.
C) All common-law contracts are bilateral.
D) Offer and consideration together form mutual assent.
E) The acceptance must be precisely the same as the offer.