Explain What the Restatement of Contracts Is and Describe the Role

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The Answer is The Restatement of Contracts is a treatise drafted in 1932 by the American Law Institute (ALI),a group of lawyers,scholars,and judges.In the Restatement,the ALI attempted to codify what its members regarded as the best rulings of contract law.Although the Restatement did not become the law anywhere,it greatly influenced courts as they decided contracts cases.In 1979,the ALI issued an updated version,the Restatement (Second)of Contracts.This revised version reflected the changes in society,business,and judicial decisions since the first edition.

Explain What the Restatement of Contracts Is and Describe the Role

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Explain What the Restatement of Contracts Is and Describe the Role

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