Overview
Cultural influences on contract law highlight the importance of understanding how different societies approach legal agreements. Culture shapes not only the formation of contracts but also their interpretation and enforcement. For instance, in some cultures, the emphasis on relationships may lead to...
Key Terms
Example: In some cultures, oral agreements are as binding as written contracts.
Example: A sales contract between a buyer and seller.
Example: International trade agreements influenced by multiple cultures.
Example: Common law and civil law are two major legal traditions.
Example: Negotiating a contract price between a contractor and a client.
Example: Judges interpret contract terms during disputes.