Comment by thrownthatway
13 hours ago
Agreed.
The most valuable resource is trust. Follow closely by the trust-structures to deal with the ramifications of the primary trust-relationship being broken.
That is to say, the most fundamental rule is contract law.
I think you missed when I said that contract law is for when things have gone completely off the rails or for very expensive decisions. Most day to day operations are managed through societal norms and pressures. Contract law would be a poor fit. And by the way, honoring and enforcing contract law between third parties to yourself itself is a societal norm.
You’re wrong. Sorry about it.
In most jurisdictions anyone would want to live in, a handshake deal is as good as a contract.
Additionally, and again in any jurisdiction anyone would want to live in, when you purchase a durable good you’re entering into a contract with the seller and / or the manufacturer with regard to the advertised claims of the product and any warranted considerations.
Also, consumer items usually come with some guarantees, for example that your baby spinach didn’t kill you or result in harm to a gestating foetus, and so on and so forth.