Asked by Ariah Scales on Jul 27, 2024
Verified
The trend of modern contract law is to tolerate ________ degree of specificity in agreements in comparison to classical contract law.
A) a reasonable
B) a lower
C) a higher
D) the same
Modern Contract Law
The body of law governing legally enforceable agreements between parties, reflecting contemporary needs and practices.
Specificity
The condition of being distinctly defined or specialized, often used in contexts where particular details or requirements are emphasized.
Classical Contract Law
A framework of legal principles that dictate the formation, performance, and enforcement of agreements between parties.
- Compare modern and classical contract law in terms of specificity and flexibility.
Verified Answer
AR
Alaina RumrillJul 30, 2024
Final Answer :
B
Explanation :
The trend of modern contract law is to tolerate a lower degree of specificity in agreements than classical contract law would have tolerated,although it is still unlikely that an agreement that leaves open important aspects of a transaction will be enforced.
Learning Objectives
- Compare modern and classical contract law in terms of specificity and flexibility.