Asked Jan 30, 2020

What are the key areas in which contract law has evolved from traditional concepts to addressing equitable solutions or complex modern-day transactions and structures?


Expert Answer

1 Rating
Step 1

Contract law comprises of an extensive group of tenets and rules that location contract development and implementation. Expressing the central standard in fundamental terms, an agreement is simply a guarantee or set of guarantees for the break of which the law gives a cure or the execution of which the law somehow perceives as a duty. Provided the breadth of agreement law to address an incalculable assortment of understandings and connections utilization of customary law to electronic contracts may appear to be a spur of the moment.

Step 2

After all gatherings to an electronic contract seem to behave and anticipate that others will act in the same way as they have under conventional tenets. The deadly blunder however in this oversimplified methodology is that electronic contracts don't generally fit the conventional system that structures general contract law.

Step 3

Electronic contracts may never show up on a bit of paper may include quick exchanges that may include negligible or no transaction or cooperation and may include no hu...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in


Operations Management

Related Operations Management Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: Skinner's fish market buys fresh boston bluefish daiily for $4.20 per pound and sells it for $5.50 p...

A: Uniform DistributionSince a uniform distribution has been assumedAverage (expected) demand = (320 + ...


Q: Consider a continuous review inventory system. Demand is normally distributed with an average of 28,...

A: Given information:Average demand = 28,000 per monthStandard deviation = 5,000 unitsLead time = 3 wee...


Q: Find a current event that relates to marketing and more specifically one or more of the topics below...

A: The business market is business to business market where a business organization sells a product to ...


Q: How important is it that an organisation formally expresses its purpose? To what extent should it be...

A: Every element in the world should be designed in a way that consists of a meaningful purpose. Likewi...


Q: What advances in telecommunications technology do you view as being most beneficial to logistics man...

A: The telecommunications technology which are beneficial include:internet – enabling B2B and B2C logis...


Q: What is the difference between brainstorming and the Delphi technique when identifying risks?

A: Brainstorming refers to the techniques where the group of people has sited together and discuss the ...


Q: Explain participative management.

A: Participative management is the possible involvement of all the stakeholders in an organization to w...


Q: A company expects a shortage of raw materials required for production. What kind of factor is influe...

A:  The process of the organization market is different because the forces of the market influence indu...


Q: What is common knowledge? Please cite.

A: There is a saying that, there is no need to cite any source, if the information which is going to be...