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Unfair Contract Terms Act 1977 : Does it Provide a Good Model in Regulating Risk Allocation Provisions in Oilfield Contracts in Malaysia?
Zahari, Wan Zulhafiz - 2015
allocation in oilfield contracts in Malaysia. In this regard, there is a prospect that the operators pass an unfair share of the … provisions of oilfield contracts in Malaysia. This paper seeks to analyse the deficiencies of the risk allocation provisions of … oilfield contracts in Malaysia and to consider whether the principle of reasonableness test as provided in UCTA could provide a …
Persistent link: https://www.econbiz.de/10013025170
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Opportunistic termination
Stremitzer, Alexander - 2008
If a seller delivers a good non-conforming to contract, European and US warranty law allows consumers to choose between some money transfer and termination. Termination rights are, however, widely criticized, mainly for fear that the buyer may use non-conformity as a pretext for getting rid of a...
Persistent link: https://www.econbiz.de/10010365843
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Contract law and development
Boukouras, Aristotelis - 2011 - First draft: 05 October 2009
We relate the design of contract law to the process of development. In this paper, contract law defines which private agreements are enforceable (i.e. are binding and enforced by courts) and which are not. Specically, we consider an economy where agents face a hold-up problem (moral hazard in...
Persistent link: https://www.econbiz.de/10010343845
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Disclosure rules in contract law
Bar-Gill, Oren; Porat, Ariel - 2017
How does the prospect of sale affect the seller's incentive to investigate — to acquire socially valuable information about the asset? How do the disclosure rules of contract law influence the investigation decision? Shavell (1994) showed that, if sellers and buyers are symmetrically informed,...
Persistent link: https://www.econbiz.de/10011674107
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Robustness report on "Coercive contract enforcement: law and the labor market in nineteenth century industrial Britain", by Suresh Naidu and Noam Yuchtman (2013)
Campbell, Douglas L.; Brodeur, Abel; Johannesson, Magnus; … - 2024
Naidu and Yuchtman (2013) find that labor demand shocks in 19th-century Britain had an impact on master and servant prosecutions, as breaking an employee contract was a criminal offense until 1875. We first reproduce all regression tables in Naidu and Yuchtman (2013) and then test for robustness...
Persistent link: https://www.econbiz.de/10014555738
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On and off contract remedies
Brooks, Richard; Stremitzer, Alexander - 2009
A party dissatisfied with the contractual performance of a counterparty is typically able to pursue a variety of legal recourses. Within this apparent variety lurk two fundamental alternatives. The aggrieved party may (i) 'affirm' the contract and seek money damages or specific performance; or...
Persistent link: https://www.econbiz.de/10003909321
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A model of fault allocation in contract law : moving from dividing liability to dividing costs
Jacobi, Osnat; Weiss, Avi - 2010
We consider default rules for instances in which parties to a contract did not allocate the risk of a certain contingency, and both sides could have helped avoid the occurrence of breach of the contract or lessen the damages from it occurring. We compare alternative regimes with a fault-based...
Persistent link: https://www.econbiz.de/10003934681
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Contracts induced by means of bribery : should they be void or valid?
Nell, Mathias - 2007
Persistent link: https://www.econbiz.de/10003613204
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Damages for breach of contract, impossibility of performance and legal enforceability
Coloma, Germán (contributor) - 2007
Persistent link: https://www.econbiz.de/10003549816
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Contracts between legal persons
Kornhauser, Lewis A.; MacLeod, William Bentley - 2010
Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts...
Persistent link: https://www.econbiz.de/10009312933