Question

Fenton Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies have agreed to draft the business contract in the Leone Republic. Since the contract will be drafted under a common law framework, it will be: ________

Answer 1

Since the contract will be drafted under a common law framework, it will be based on tradition, precedent, and custom.

What is a common law contract?

Contracts drafted under a common law system give judges the opportunity to interpret disputes using the prevailing situations.  A common law system adjudicates cases based on judicial precedent.  Judicial precedents are established through case law.

Thus, common law contract cases will be based on tradition, precedent, and custom.

Learn more about common laws at brainly.com/question/7803647