| #885952 in Books | Harvard University Press | 2013-04-30 | 2013-03-11 | Original language:English | PDF # 1 | 9.46 x.74 x6.43l,.94 | File Name: 0674072480 | 184 pages |
|||Douglas Baird's book is an excellent, non-technical introduction to the law and economics of contracts that is geared to the law student or even the non-economically oriented law professor who wants to be introduced to the field through what by consens
Every legal system must decide how to distinguish between agreements that are enforceable and those that are not. Formal bargains in the marketplace and casual promises in a social setting mark the two extremes, but many hard cases lie between. When gaps are left in a contract, how should courts fill them? What does it mean to say that an agreement is legally enforceable? If someone breaks a legally enforceable contract, what consequences follow?
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