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We show that the fundamental legal structure of a well-written financial contract follows a state-transition logic that …. The core of a contract describes the rules by which different sequences of events trigger particular sequences of state … transitions in the relationship between the counterparties. By conceptualizing and representing the legal structure of a contract …
Persistent link: https://www.econbiz.de/10012856049
particular classes of contract should be regulated in one manner or the other study microeconomic features of the transactions at …
Persistent link: https://www.econbiz.de/10013058854
toward better deductive reasoning skills started by Professor Nyquist, this Article analyzes the most important contract …
Persistent link: https://www.econbiz.de/10012986169
indeterminate meaning present opportunities for strategic behavior well after a contract has been concluded. This linguistic … boilerplate language. Using the infamous case of NML v. Argentina, we show how traditional contract doctrine, which uses a model …
Persistent link: https://www.econbiz.de/10012989113
turned into joint interests in the agreement reached. It is a mistake to talk about the form of a contract without first …, given the options the party has. The form of the contract is not an end in itself. As a result in order to analyze the form … that contracting takes we must understand the function that each party needs the contract to perform—the kinds of …
Persistent link: https://www.econbiz.de/10012917503
Ex post gap filling is a central function of contract law. This is about to change. Predictive capabilities created by … details to get its passenger to a designated end point, the self-driving contract fills in the contract details to achieve the … parties' designated outcome.This development suggests a new focus for the doctrine and theories of contract law. Our primary …
Persistent link: https://www.econbiz.de/10012934533
This paper assesses the content, role, and adaptability of subjective beliefs about contract enforceability in the …
Persistent link: https://www.econbiz.de/10013219133
its declining area, possibly attributed to lack of market and competitive pricing strategy. Amongst alternatives, contract … identifying the determinants of contract farming from a sample of 400 randomly selected farmers using regression tree approach …. Findings indicated that the average yield of farmers enrolled in contract farming was 4791 kg/ha (n=90) against non …
Persistent link: https://www.econbiz.de/10013219895
This paper provides a dissection of the Collateralized Loan Obligation (CLO) market and examines the significance of covenants in facilitating the provision of credit. Since the Great Financial Crisis of 2008, the leveraged loan market has witnessed unprecedented growth. CLOs play an...
Persistent link: https://www.econbiz.de/10013235947
contract law, and what can be inferred about contract law, in the light of the requirement of remedial consistency, from the …
Persistent link: https://www.econbiz.de/10013240398