A feasible alternative to public order provided by the law is private order based on private assurances among trading partners.

Question

Quizplus · Accepted Answer

Private order is an alternative to public order and is based on private assurances among trading partners. This means that the law is not involved in regulating their transactions, and instead, the parties themselves agree on the terms of their exchange and enforce them through private means.

A Feasible Alternative to Public Order Provided by the Law