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Contract law comes from case law, the Uniform Commercial Code and the United Nations Convention for...

  1. Contract law comes from case law, the Uniform Commercial Code and the United Nations Convention for the International Sale of Goods.

    True

    False

1 points   

QUESTION 10

  1. An offeror in a contract is ________.

    a.

    the person who receives the offer
    b.

    a legal agent of a contracting party
    c.

    the person who gives consideration
    d.

    the person who makes an offer
    e.

    an inquirer
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Answer #1

Contract law comes from case law and legislation. The Uniform Commercial Codes provides uniformity to contract law across different states. The contract law was also inspired by the United Nations Convention for the International Sale of Goods. It reforms the contract law at the national level. Therefore, the provided statement is true.

An offeror is a person who makes an offer in the contract. The offer, once accepted by another party, becomes a contract. Another party receiving the offer is called the offeree. Therefore, the correct option is (d). All other options are wrong.

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