Question: Choose all that are appropriate statement regarding contracts. 1. The general rule in civil law jurisdictions is that parties entering into contracts must observe strict

Choose all that are appropriate statement

Choose all that are appropriate statement regarding contracts. 1. The general rule in civil law jurisdictions is that parties entering into contracts must observe strict formalities. 2. A promise with friends to play on the beach this weekend is not a contract because it is not intended to be legally enforceable. 3. Communication of acceptance which attempts to change the terms of an offer may be regarded as a counter-offer. 4. The most prominent difference between civil and common law jurisdictions regarding contracts is that consideration is essential in common law jurisdictions. 5. When ABC Co, made an offer to sell widgets to XYZ Co., PQR Co. may accept the same offer to trade on the same terms

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