Question

The body of law that governs oral and written agreements associated with the exchange of goods, services, money and property is known as ____ law. multiple choice question.

Answer 1

The body of law that governs oral and written agreements associated with the exchange of goods, services, money and property is known as contract law.

What is contract law?

Contract law can be defined as a set of law that governs oral and written agreements between two or more parties with respect to the buying and selling of goods, services, debt, loans, property, etc.

What is a contract?

A contract can be defined as a formally written agreement between two or more parties such as a group of people, team, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law across specific jurisdiction in the world.

The types of contract.

Generally speaking, there are different types of contract in business and these include the following:

• Fixed-price contract
• Cost-plus contract
• Bilateral contract
• Implied contract
• Unilateral contract
• Adhesion contract
• Unconscionable contract
• Option contract
• Express contract
• Executory contract

Read more on a contract law here: brainly.com/question/28180355

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