Which of the Following Has the Greatest Influence on Creating

question 39

Multiple Choice

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.

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Definitions:

Federal Statute

A law enacted by the national government of a country that applies throughout the country and supersedes state laws in areas of federal jurisdiction.

Equitable Principle

Legal maxims or foundational principles aimed at achieving fairness in judicial decisions.

State Constitution

The fundamental governing document of a U.S. state, outlining the structure, functions, and powers of state government and securing rights to its citizens.

Sociological Jurisprudence

A philosophical approach to law that focuses on the social effects of legal institutions, doctrines, and practices, by examining how the law influences society and how social phenomena impact the law.