Contract Theory
Barnett also writes about contract theories. In that field he has advanced a theory of contract formation that emphasizes the intention to be bound as the key to contract law. He also has worked on the idea of a default rule, i.e., a rule of contract law that binds the parties if their contract does not cover the eventuality or condition that is the subject of the default rule.
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Famous quotes containing the words contract and/or theory:
“A good businessman never makes a contract unless he’s sure he can carry it through, yet every fool on earth is perfectly willing to sign a marriage contract without considering whether he can live up to it or not.”
—Dalton Trumbo (1905–1976)
“It makes no sense to say what the objects of a theory are,
beyond saying how to interpret or reinterpret that theory in another.”
—Willard Van Orman Quine (b. 1908)