Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. why would the common law have, and judges rely on,

Why would the common law have, and judges rely on, the doctrine of business efficacy....

70.2K

Verified Solution

Question

Finance

image

Why would the common law have, and judges rely on, the doctrine of business efficacy. It allows courts to enforce the contracts they want to see honoured and to allow others to fail. It allows courts to reasonably fill in necessary gaps in a commercial contract to ensure it is enforceable. It permits courts to essentially reinterpret contract provisions that no long fit the business circumstances. It allows parties to always rely on the most efficient form of contract completion knowing they will not be sued

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

.      Discuss what “social murder” and “social diseases” mean (200 words)

Psychology
Q

SO what is the difference between heat and temperature? When you go about your everyday life...

Physics
Q

Ray Dalio and Warren Buffett are two wealthy and very famous investors who have different views...

General Management
Q

E1 Listen How does RNA differ from DNA ORNA is double stranded DNA is single...

Biology
Q

In the previous problem you tried to draw a circuit diagram for a series circuit...

Physics
Q

A worker pulls a box of mass 110 kg with constant velocity for 50 m...

Physics
Q

2 Determine the perimeter of the triangle 6 A 5 2 YA 61 A 2...

Basic Math
Q

9 points Solve the Bernoulli equation xy xy Obtain an explicit solution dx

Basic Math
Q

Solve the initial value problem 2 x y 3y 0 Assuming that the solution is...

Calculus
Q

276 62X9 12

Calculus
Q

The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is as...

Accounting
Q

When you evaluated a firm, you saw that there is 6 times more equity than...

Finance