What is the primary benefit of contract law to business?
A) Contract law allows businesses to transfer risk.
B) Once a contract is created,it permits both parties to rely on the terms they have negotiated and plan their business affairs accordingly.
C) Contract law guarantees that others will follow through with their promises.
D) It ensures that businesses treat each other as equals and do not take advantage of one another in business relationships.

Question

Quizplus · Accepted Answer

Contract law provides a legal framework that allows parties to a contract to rely on the agreed terms, enabling them to plan their business operations with a degree of certainty about future commitments and expectations.

What Is the Primary Benefit of Contract Law to Business