Answer to Question #310596 in Management for Kholoe

Question

Briefly discuss the common law principle of iustus causa or serious intention to conclude a contract

Answer 1

Contract law is represented by the custom-based regulation and the Uniform Commercial Code "UCC." Common regulation oversees legally binding exchanges with land, administrations, protection, theoretical resources and work. UCC oversees authoritative exchanges with products and substantial items (like an acquisition of a vehicle).The common law incorporates the cornerstone principle of freedom to contract, which provides that parties are free to decide on the terms of their agreement with the only exception that an agreement must be lawful or legally possible (which entails that it must not be contrary to the common law and the agreement must .