ective, with respect to establishing a just and virtuous social order, how does he characterize the role of the legal system in the world of business?...

From Brad Reid's perspective, with respect to establishing a just and virtuous social order, how does he characterize the role of the legal system in the world of business?

It is a vital tool when properly applied.

It can be effective, but only when competitors agree to trust each other.

It is ineffective since it is the default position when trust is absent.

The legal system can assure ethical behavior in the settlement of disputes.