Question

What are the key areas in which contract law has evolved from traditional concepts to addressing equitable solutions or complex modern day transactions and structures? What is the impact of compromising certainty in the interest of justice? Are there particular applications in your line of work or your organization? (The organization could be paid work or a volunteer organization that you belong to.)

-Please provide as much detail and information as possible along with resources to help me with studying Please use scholarly and credible sources of evidence/research to support assertions Priorities:

-Identification and summary of the areas of contract law that have evolved to address complex contemporary transactions and structures

- impact of the evolution of contract law on commercial enterprise

Answer 1

Answer=

Contracts are the parts of our each day life. This is the reason why the contract laws have evolved over a period of time in order to manage the difficulties of the modern living standards and different types of economic transactions There has been significant development and changes in the contract laws that result in the development of new contract areas such as e-commerce, digital signing and so on. The other important change is the development of smart contract laws in which the algorithms of computer software are also included. There is close coordination between the aim of the law and the verifiability, implementation, observability, and privity

Answer=

Certainty can be defined as the principle in international law which provides the guidelines to manage and control the performance of the contract. This is the fundamental requirement of almost every type of law. If there is a compromise with certainty, there will be some serious consequences for society. This can manifest in the form of injustice to the other individuals as the law can be manipulated by the powerful parties. This can also give birth to the corruption and enforcement of the law will become subjective

Answer=

Yes, every organization and nature of the job has to do with certainty. All the laws and its provisions have to be free and fair and no change must be made unless it is approved by the constitutional bodies such as Congress or parliament. It is important for all jobs and business as it provides the common ground for all the partners