# kaal:claim:4067783-022

**Claim.** Effective business dealing requires that counterparties have confidence a fair resolution will occur when transactions do not develop as planned, which purely self executing code cannot supply.

**Type.** condition  **Support.** argued

**Source quote.**

> To do business effectively, counterparties need confidence that a fair resolution will occur when transactions do not develop as planned.

**From.** Wulf A. Kaal, *DAO Fallacies* (2022), II.4 Myth #4: Code is Law Fallacies, page 9

**Cite as.** Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

**Verify.** sha256 of source PDF `48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf

**Topics.** systemic-risk, law-and-legal-systems, smart-contracts

**Keywords.** dispute-resolution, counterparty-confidence, smart-contracts, code-is-law

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3782214-015

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.