In developed countries,the enforcement of contracts and the adjudication of contract disputes through the court system:

Question

Quizplus · Accepted Answer

The enforcement of contracts and the adjudication of disputes through the court system is an important way to reduce transaction costs. This is especially important in developed countries where there is a high volume of trade and complex contracts. The ability to enforce contracts and resolve disputes quickly and fairly creates a predictable business environment, which encourages trade and investment.

In Developed Countries,the Enforcement of Contracts and the Adjudication of Contract