Question: Identify the correct statement about common law contracts. Identify the correct statement about common law contracts. All common law contracts are bilateral. The acceptance must

Identify the correct statement about common law contracts.
Identify the correct statement about common law contracts.
All common law contracts are bilateral.
The acceptance must be precisely the same as the offer.
Common law governs contracts between merchants for the sale of goods.
If all the elements of a common law contract formation exist, then the contract is voidable.

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