Framing Contract Law : : An Economic Perspective / / Victor Goldberg.

The central theme of this book is that an economic framework--incorporating such concepts as information asymmetry, moral hazard, and adaptation to changed circumstances--is appropriate for contract interpretation, analyzing contract disputes, and developing contract doctrine. The value of the appro...

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Superior document:Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999
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Place / Publishing House:Cambridge, MA : : Harvard University Press, , [2012]
©2012
Year of Publication:2012
Language:English
Online Access:
Physical Description:1 online resource (424 p.)
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Other title:Frontmatter --
Acknowledgments --
Contents --
Introduction --
I Some Concepts --
1 The Net Profits Puzzle --
II Consideration --
2 Reading Wood v. Lucy, Lady Duff-Gordon with Help from the Kewpie Dolls --
3 Mutuality and the Jobber’s Requirements: Middleman to the World? --
4 Satisfaction Clauses: Consideration without Good Faith --
III Interpretation --
5 Discretion in Long-Term Open Quantity Contracts: Reining In Good Faith --
6 In Search of Best Efforts: Reinterpreting Bloor v. Falstaff --
7 Columbia Nitrogen v. Royster: Do as They Say, Not as They Do --
8 The “Battle of the Forms”: Fairness, Efficiency, and the Best-Shot Rule --
IV Remedies --
9 Campbell v. Wentz: The Case of the Walking Carrots --
10 Expectation Damages and Property in the Price --
11 The Middleman’s Damages: Lost Profits or the Contract-Market Differential --
12 An Economic Analysis of the Lost-Volume Retail Seller --
13 Consequential Damages --
14 A Reexamination of Glanzer v. Shepard: Surveyors on the Tort-Contract Boundary --
V Option to Terminate --
15 Bloomer Girl Revisited, or How to Frame an Unmade Picture --
16 Bloomer Girl: A Postscript --
17 Wasserman v. Township of Middletown: The Penalty Clause That Wasn’t --
VI Impossibility, Related Doctrines, and Price Adjustment --
18 Price Adjustment in Long-Term Contracts --
19 Impossibility and Related Excuses --
20 Alcoa v. Essex: Anatomy of a Bungled Deal --
21 Mineral Park v. Howard: The Irrelevance of Impracticability --
Conclusion --
Notes --
References --
Table of Cases --
Index
Summary:The central theme of this book is that an economic framework--incorporating such concepts as information asymmetry, moral hazard, and adaptation to changed circumstances--is appropriate for contract interpretation, analyzing contract disputes, and developing contract doctrine. The value of the approach is demonstrated through the close analysis of major contract cases. In many of the cases, had the court (and the litigators) understood the economic context, the analysis and results would have been very different. Topics and some representative cases include consideration (Wood v. Lucy, Lady Duff Gordon), interpretation (Bloor v. Falstaff and Columbia Nitrogen v. Royster), remedies (Campbell v. Wentz, Tongish v. Thomas, and Parker v. Twentieth Century Fox), and excuse (Alcoa v. Essex).
Format:Mode of access: Internet via World Wide Web.
ISBN:9780674272941
9783110442212
DOI:10.4159/9780674272941?locatt=mode:legacy
Access:restricted access
Hierarchical level:Monograph
Statement of Responsibility: Victor Goldberg.