The Law of Contract is nothing butSelect one:a.a child of religionb.a child of commercial dealingc.a child of day-to-day politicsd.a child of economics
Question
The Law of Contract is nothing but
Select one:
- a. a child of religion
- b. a child of commercial dealing
- c. a child of day-to-day politics
- d. a child of economics
Solution
The Law of Contract primarily governs the agreements made between parties in various types of transactions, ensuring that promises made in business and personal arrangements are enforceable by law. While it may be influenced by various aspects of society, it is most directly associated with commercial dealings and the dynamics of the marketplace.
Analysis of Options
- a. a child of religion - This is not accurate, as the Law of Contract does not stem from religious beliefs or teachings.
- b. a child of commercial dealing - This option is the most relevant, as contracts often arise from business transactions and trade.
- c. a child of day-to-day politics - While politics can influence law, the essence of contract law is not primarily political.
- d. a child of economics - Though there is a relationship with economics, the primary focus of contract law lies in the realm of commercial transactions.
Given this analysis, the correct answer is:
Final Answer
b. a child of commercial dealing
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