2016 The Dignity of Commerce: Markets and the Moral Foundations of Contract Law (pdf)

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Author Nathan B. Oman
Edition 1
Edition Year 2016
Format PDF
ISBN 9780226415666
Language English
Number Of Pages 312
Publisher University of Chicago Press

Description

Why should the law care about enforcing contracts? We tend to think of a contract as the legal embodiment of a moral obligation to keep a promise. When two parties enter into a transaction, they are obligated as moral beings to play out the transaction in the way that both parties expect. But this overlooks a broader understanding of the moral possibilities of the market. Just as Shakespeare’s Shylock can stand on his contract with Antonio not because Antonio is bound by honor but because the enforcement of contracts is seen as important to maintaining a kind of social arrangement, today’s contracts serve a fundamental role in the functioning of society.

Additional information

Author

Nathan B. Oman

Edition

1

Edition Year

2016

Format

PDF

ISBN

9780226415666

Language

English

Number Of Pages

312

Publisher

University of Chicago Press

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