Countries with a theocratic legal system encourage precise, detailed contracts whereas countries with a common legal system encourage shorter and less specific contracts.

Question

Quizplus · Accepted Answer

This statement is false. The type of legal system a country has does not necessarily dictate the length or level of detail required in contracts. The length and level of detail in contracts are more likely to be influenced by factors such as the complexity of the transaction, the bargaining power of the parties, and cultural norms.

Countries with a Theocratic Legal System Encourage Precise, Detailed Contracts