Question: Identify the correct statement about common - law contracts. Question 7 Select one: a . All common - law contracts must contain valid consideration. b

Identify the correct statement about common-law contracts.
Question 7Select one:
a.
All common-law contracts must contain valid consideration.
b.
Common-law contracts provide more flexibility in contract formation than exists in the UCC.
c.
Contracts between merchants are governed by common-law contracts.
d.
Common-law contracts govern the sale of goods.
e.
All common-law contracts are bilateral.

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