Question: Identify the correct statement about common - law contracts. All common - law contracts are bilateral. Common - law contracts govern the sale of goods.

Identify the correct statement about common-law contracts.
All common-law contracts are bilateral.
Common-law contracts govern the sale of goods.
Contracts between merchants are governed by common-law contracts.
Common-law contracts provide more flexibility in contract formation than exists in the UCC.
All common-law contracts must contain valid consideration.
Identify the correct statement about common-law contracts. All common-law contracts are

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