Question: ( contract ) State whether the statement is true, false, uncertain. If your answer is yes , there is no need for explanation. Otherwise, explain

(contract) State whether the statement is true, false, uncertain. If your answer is yes, there is no need for explanation. Otherwise, explain in no more than 30 words, or simply correct the statement.
a.In contract law, default rules are used to fill in gaps in contracts or to replace explicit terms in contracts that are in conflict with the default rules.
b.According to the bargain theory, a promise is not legally enforceable unless the size of consideration given by the other party is commensurate with the promise.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!