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The parties dispute the legal effect of a contested transaction. A seller promised to keep an offer open while the buyer made costly preparations. The parties disagree about the legal effect of those facts. How is the court most likely to rule?

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Reject the claim or defense solely because the opposing party disputes a required fact. Treat the formal label attached to the claim or defense as conclusive and disregard facts bearing on the rule's elements. The court should resolve the dispute by applying the operative rule to the material facts: The answer should identify the governing rule for Defenses to Formation and apply it to the operative facts. Import a rule from a nearby issue instead of applying the rule triggered by these facts.

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