A global economy cannot function unless business people know that contracts are enforceable and the appropriate remedy can be achieved.

Question

Quizplus · Accepted Answer

This statement is true. In order for businesses to operate globally, they need to have confidence that contracts they enter into with others will be enforced and that they will have a way to seek remedies if they are not. Without this confidence, businesses may be reluctant to engage in global trade or may be unwilling to take risks that are necessary for growth and expansion.

A Global Economy Cannot Function Unless Business People Know That