The Economics of Contract Law (American Casebook Series) - Softcover

Barnes, David W.; Stout, Lynn A.

9780314010926: The Economics of Contract Law (American Casebook Series)

Softcover

ISBN 10: 0314010920 ISBN 13: 9780314010926

Publisher: West Publishing Co, 1992

Designed to integrate economic principles into a traditional contracts course. The cases and materials consider reasons why some contracts should not be enforced, where enforcement might lead to inefficient results due to externalities, mistake, or lack of capacity or consideration. Introduces the theory of efficient breach and applying that theory to issues of impracticability and impossibility. Considers various permutations of the traditional remedies for breach and the limitations on recovery of damages. The final section considers duress and unconscionability and offers economic rationales for not enforcing agreements into which parties have voluntarily entered.

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