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The need for individuals to be able to trust that promises will be performed is central to justifying a law that renders certain promises enforceable. This Article argues that the legal enforcement of certain promises to meet this need does not necessarily diminish the personal relationships of...
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The following case study investigates the contract enforcement institutions that enable German customers to purchase … developments in the field of information and communication technology. Overall, the importance of formal contract law in …
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Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …
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What information should courts utilize when assessing contract damages? Should they award damages that were rationally … damages are more efficient than ex post actual damages through a simple model of costly litigation for contract breach, where …
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achieved by writing a contract that specifies a suffciently high quality level. In contrast, the result by Che and Chung (1999 … hybrid case. We also show that if the quality specified in the contract is too low, 'expectation damages' do not necessarily …
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