Fault in contract law /

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Bibliographic Details
Author / Creator:	Posner, Eric A., author.
Imprint:	[Chicago, Illinois] : Law School, University of Chicago, 2008.
Description:	1 online resource (21 pages)
Language:	English
Series:	John M. Olin Law & Economics Working Paper ; no. 396 (2d series) John M. Olin Program in Law & Economics working paper ; 2nd ser., no. 396.
Subject:	Breach of contract. Liability (Law) Breach of contract. Liability (Law)
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/8917223

Hidden Bibliographic Details
Notes:	"March 2008." Includes bibliographical references. Title from online title page (viewed October 8, 2012).
Summary:	"A promisor is strictly liable for breaching a contract, according to the standard account. However, some cases and doctrines appear to recognize that a promisor will not be liable, or will face reduced damages, if the breach was the result of inadvertence rather than fault or willfulness. A negligencebased system of contract law can be given an economic interpretation, and it is shown that such a system is in some respects more attractive than the strictliability system."

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