One of the factors leading courts away from a laissez-faire approach to contract law was
A)the movement away from requiring written contracts with a seal affixed.
B)a change in relative bargaining power between parties to contracts.
C)the assumption that promises are not legally significant.
D)the assumption that parties had freedom to contract and would have to live with the consequences.

Question

Quizplus · Accepted Answer

A change in relative bargaining power between parties to contracts led courts away from a laissez-faire approach to contract law because it shaped the underlying power dynamics of a contractual relationship, making it difficult to assume the parties entering the contract did so on an equal footing. As a result, courts began to intervene in certain cases to protect the weaker party from exploitation or unfair terms in the contract.

One of the Factors Leading Courts Away from a Laissez-Faire