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Information and the Scope of Liability for Breach of Contract : The Rule of Hadley V. Baxendale

Bebchuk, Lucian A.; Shavell, Steven - 2021

According to the contract law principle established in the famous nineteenth century English case of Hadley v …. Baxendale, and followed ever since in the common law world, liability for a breach of contract is limited to losses "arising …, at the time they made the contract, ..." Using a formal model, we attempt in this paper to analyze systematically the …

Persistent link: https://www.econbiz.de/10013248255