Respuesta :
Capitalism and contract law have evolved in tandem, because having choices in society requires people to decide and agree to do things with and to each other, and those agreements connect the parties; the negotiations must be enforceable.
As a result, this statement is correct.
What is the relationship between capitalism and contract law?
Money class stratification is required by capitalism. Property law, employment contract law, and corporate law are critical to maintaining that stratification because they establish ownership of assets within one class while organizing the obligations of the other classes as different types of workers.
Contract law is not an unintended consequence of capitalism, nor is it a separate social system coexisting with capitalist economics. Without a dormant legal system and a dormant cadre of lawyers skilled in everything from corporate reorganizations to trust asset manipulation, modern capitalism could not exist in its current form. This modern form of capitalism is a newer form, dubbed "ultra-capitalism" here, in which corporate lawyers are used to drain value from companies, avoid regulatory oversight, and avoid tax liability. This ultra-capitalism cannot be saved; however, a profound conceptual revolution is urgently required.
As a result, Capitalism and Contract law have evolved in tandem, because having choices in society requires people to decide and agree to do things with and to each other, and those contracts bind the parties; the negotiations must be enforceable.
Hence, this statement is True
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