Why Are 20th Century Contract Law Rules So Often Uncertain and Discretionary

question 19

Essay

Why are 20th century contract law rules so often uncertain and discretionary rather than precise and rigid?

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Definitions:

Duty of Care

A legal requirement that demands individuals or organizations to exercise a reasonable degree of attention and caution to avoid negligence that could harm others.

Business Judgment Rule

A legal principle that protects company directors from liability for decisions made in good faith and with a reasonable basis.

Officer's Roles

Responsibilities and duties assigned to officers within an organization, including executing company policies and managing operational activities.

Qualifications

The skills, attributes, or credentials required to perform a particular job or task.