Which of the following has the greatest influence on creating the flexible relationship that exists between contract law and economic reality?
A) Contractual obligations must be performed or compensation paid for non-performance.
B) Courts assess the fairness of the contract terms chosen by the parties.
C) A party's need for judicial assistance or judicial intervention must be justified.
D) Parties must be responsible for themselves and work to maximize self-interest.

Question

Quizplus · Accepted Answer

Contractual obligations must be performed or compensation paid for non-performance is the greatest influence on creating the flexible relationship that exists between contract law and economic reality. This is because it ensures that parties are held accountable for their promises and that there is a disincentive to breach contracts.

Which of the Following Has the Greatest Influence on Creating