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:
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—George Bernard Shaw (1856–1950)
“every subjective phenomenon is essentially connected with a single point of view, and it seems inevitable that an objective, physical theory will abandon that point of view.”
—Thomas Nagel (b. 1938)