Contract Law, the

Abstract: This 28 page report discusses the complications of contract law, especially in terms of international transactions. In the highly-competitive and globalized world of the 21st century, the alliances that exist between individuals, corporations, and even nations carry an enormous amount of consequence. Far too often, contract law has been modified to facilitate the use of standard form contracts to assure that the organization is held blameless in regard to actions undertaken by an individual or to serve the interests of one nation over those of another. Because of the switch from an industrial age economy to an information economy, the necessity for coherent, meaningful, and predictable legal rules for contracts that serve as the framework for the new economy has grown dramatically. The UCC of the United States is discussed along with United Nations

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Catagory:

Subcatagory: International Economics & Finance

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