The role of law in market is to reinforce common understandings about agreements within society. In market societies, when there is tension between these two, it becomes necessary to adjust the premises of the law, in order to bring them into harmony with social expectations. This book discusses civil remedial problems related to "opportunism" in Mongolia as one of the legal transitional problems. The word "opportunism" refers to legalistic opportunism where a party breaches the agreement with impunity predicting that the court will not recognize or enforce a particular agreement. The author...
The role of law in market is to reinforce common understandings about agreements within society. In market societies, when there is tension between th...