Why would the common law have, and judges rely on, the doctrine of business efficacy....

70.2K

Verified Solution

Question

Finance

image

Why would the common law have, and judges rely on, the doctrine of business efficacy. It allows courts to enforce the contracts they want to see honoured and to allow others to fail. It allows courts to reasonably fill in necessary gaps in a commercial contract to ensure it is enforceable. It permits courts to essentially reinterpret contract provisions that no long fit the business circumstances. It allows parties to always rely on the most efficient form of contract completion knowing they will not be sued

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students