How Can an Incomplete Contract Prevent Opportunism? Explain with an Example

question 41

Essay

How can an incomplete contract prevent opportunism? Explain with an example.

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Definitions:

Negligent Conduct

Actions or failures to act that breach a duty of care and result in harm or damage to another party.

Proximate Cause

A legal concept referring to the primary cause of an injury or damage that is considered legally sufficient to hold someone responsible.

Superseding Cause

An intervening act or event that breaks the direct connection between the original wrongful act and the injury that occurred, relieving the original offender of liability.

Substantial Factor

A significant element or cause that contributes in a meaningful way to a particular outcome.