How do enforceable contracts help to keep the Canadian economy relatively strong?
A) They reduce the risk of running a business.
B) They are enforceable in most business in most countries.
C) The government receives taxes for every contract that is written.
D) They are ethical and most companies will abide by them.

Question

Quizplus · Accepted Answer

Enforceable contracts reduce the risk of running a business, which encourages investments and economic growth. It ensures that parties in a transaction fulfill their obligations, increasing the confidence of businesses and investors to enter into agreements. As a result, enforceable contracts promote a stable and predictable business environment, which is vital for the growth and development of the Canadian economy. The other choices (B, C, and D) are incorrect as they do not directly explain how enforceable contracts contribute to keeping the Canadian economy strong.

How Do Enforceable Contracts Help to Keep the Canadian Economy