Q.Give two reasons why the judiciary is important to business, with a brief explanation of each.

The judiciary matters to business chiefly through contract enforcement and dispute resolution, among other functions.

Two reasons the judiciary is important to business (any two of the following are acceptable):

1. Contract enforcement. A business relies constantly on contracts with suppliers, customers, lenders, and employees. The judiciary is the ultimate backstop that makes a contract genuinely enforceable — if one party breaches, the other can approach a court for a remedy such as damages or an order compelling performance.
2. Dispute resolution. Disagreements over payment, quality, delivery, or partnership terms are a normal part of business; courts and specialised business forums/tribunals provide a formal mechanism to resolve these when the parties cannot settle them privately. …