Which of the following correctly describes the purpose of contract law?

Question

Quizplus · Accepted Answer

The purpose of contract law is to enforce expectations and facilitate planning by establishing the rights and obligations of the parties involved in a contract. It provides a legal framework for the creation, interpretation, and enforcement of agreements, and helps to ensure that parties can rely on their contractual arrangements. While contract law may involve litigation in cases of breach, its primary goal is to promote certainty and predictability in business dealings.

Which of the Following Correctly Describes the Purpose of Contract