Fault in contract law /

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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