While indemnity clauses historically have been understood as a means of allocating risk associated with third party claims against one of the parties to a contract, parties occasionally design these clauses to address direct claims between them as well. In Weyerhaeuser Company Ltd. v. Ontario...

Courts assessing compensatory damages awards often lack adequate information to determine the value of a victim's loss. A central reason for this problem, which the literature has thus far overlooked, is that courts face a dilemma when applying their standard information-forcing tool to the...

Almost all theorizing about law, including the rule of law, begins with government. Analysts from a wide variety of perspectives make this presumption. We contest this presumption. In this paper, we ask whether rule of law is an equilibrium in the absence of private ordering. To address this...

Implied terms of good faith in relation to express contractual rights and discretions have been the focus of recent litigation in England and Australia. These rights and discretions appear in commercial contracts, where consumer legislation is not relevant and the only possible fetter on the...

The bankruptcy courts are currently split on the appropriate choice of law rule, some contend that they must apply the forum state's choice of law rule while others contend that they are free to create a federal choice of law rule. This Article contends that the forum state's choice of law rule...

At first glance, Holmes's general prominence in American jurisprudence does not appear to carry over into antitrust law. His antitrust opinions often appear to a modern reader perverse. Early in his tenure on the Supreme Court, he opined in his famous dissent in Northern Securities Co. v. United...

This essay deals with one of the persistent problems in the law of negotiable instruments, namely the practice-originated legal phenomenon of so called quasi-instruments (it focuses on quasi-checks and deals also with quasi-notes.) First, it supplies a formal definition for quasi-instruments. It...

If we set out to justify our contract law to a moral agent, what kind of story should we be aiming to provide? Or, to sharpen the question, if we cast a critical eye on our contract law, what should we take as its proper moral measure? Should we test contract law for its effectiveness in...