Modern commercial law traces its roots to ancient rules known as ...

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Modern commercial law traces its roots to ancient rules known as the law merchant.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a party fails to perform a nonbinding promise:
 a. contract law will provide a remedy
  b. contract law will not provide a remedy
  c. contract law will provide a remedy in some states, but not others d. the injured party must bring the case to the Supreme Court
  e. the party that fails to perform will be held liable for up to 100,000 worth of damages

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Answer to Question 1

TRUE

Answer to Question 2

b