Asked by Caleb Rodriguez on May 08, 2024
Verified
Why are 20th century contract law rules so often uncertain and discretionary rather than precise and rigid?
20th Century Contract Law
The body of law governing agreements between parties, including principles of formation and enforcement, developed during the 20th century.
- Evaluate the impact of changes in contract law on business operations.
Verified Answer
BR
Brooke RangelMay 12, 2024
Final Answer :
The basic reason is the perceived need for government intervention and,more importantly,intervention in a complex social environment in which one situation differs from another.How can anyone frame precise,technical rules to deal equitably with situations that cannot readily be foreseen and that almost certainly should be dealt with differently? Thus,we get uncertain rules that enable courts to decide according to the equities of the individual case.
Learning Objectives
- Evaluate the impact of changes in contract law on business operations.