What law governs the transaction? Is there a deal?, If there is a deal, is it enforceable by the courts? i.e. Is it a contract?, If there is an enforceable deal, what are its terms?...
4.1.1 Economic methodology and the Economic Problem, 4.1.2 Individual Economic Decision Making, 4.1.8 - The Market Mechanism , Market Failure And Government Intervention In Markets...