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Full-Text Articles in Law

The Economics Of Deal Risk: Allocating Risk Through Mac Clauses In Business Combination Agreements, Robert T. Miller Apr 2009

The Economics Of Deal Risk: Allocating Risk Through Mac Clauses In Business Combination Agreements, Robert T. Miller

Working Paper Series

In any large corporate acquisition, there is a delay between the time the parties enter into a merger agreement (the signing) and the time the merger is effected and the purchase price paid (the closing). During this period, the business of one of the parties may deteriorate. When this happens to a target company in a cash deal, or to either party in a stock-for-stock deal, the counterparty may no longer want to consummate the transaction. The primary contractual protection parties have in such situations is the merger agreement’s “material adverse change” (MAC) clause. Such clauses are heavily negotiated and …


Using The Unidroit Principles To Fill Gaps In The Cisg, John Y. Gotanda Oct 2007

Using The Unidroit Principles To Fill Gaps In The Cisg, John Y. Gotanda

Working Paper Series

The United Nations Convention on the International Sale of Goods (CISG) sets forth only a basic framework for the recovery of damages, thereby giving a court of tribunal broad authority to determine an aggrieved party’s loss based on circumstances of the particular case. Unfortunately, the lack of specificity has resulted in much litigation, and seemingly conflicting results. To remedy this problem, some have argued that the gaps in the CISG damages provisions should be filled with the UNIDROIT Principles of International Commercial Contracts. In this paper, I argue that the gap-filling rules of CISG preclude the UNIDROIT Principles from being …


The Reemergence Of Restitution: Theory And Practice In The Restatement (Third) Of Restitution, Chaim Saiman Oct 2006

The Reemergence Of Restitution: Theory And Practice In The Restatement (Third) Of Restitution, Chaim Saiman

Working Paper Series

The ALI’s Restatement (Third) of Restitution provides one of the most interesting expressions of contemporary legal conceptualism. This paper explores the theory and practice of post-realist conceptualism through a review and critique of the Restatement. At the theoretical level, the paper develops a typology of different forms of conceptualism, and shows that the Restatement has more in common with the high formalism of the nineteenth century than with contemporary modes of private law discourse. At the level of substantive doctrine, the paper explains why labels in fact make a difference, and assesses which recoveries are more (and less) likely under …


Damages In Lieu Of Performance Because Of Breach Of Contract, John Y. Gotanda Jul 2006

Damages In Lieu Of Performance Because Of Breach Of Contract, John Y. Gotanda

Working Paper Series

In contract disputes between transnational contracting parties, damages are often awarded to compensate a claimant for loss, injury or detriment resulting from a respondent’s failure to perform the agreement. In fact, damages may be the principal means of substituting for performance or they may complement other remedies, such as recision or specific performance.

Damages for breach of contract typically serve to protect one of three interests of a claimant: (1) performance interest (also known as expectation interest); (2) reliance interest; or (3) restitution interest. The primary goal of damages in most jurisdictions is to fulfil a claimant’s performance interest by …


The Diminishing Difference Between Selling And Leasing Tangible Personal Property, Richard Marshall Abrams Jan 1979

The Diminishing Difference Between Selling And Leasing Tangible Personal Property, Richard Marshall Abrams

Villanova Law Review

No abstract provided.


Secured Transactions - What Floats Can Be Sunk, Jack B. Justice Jan 1979

Secured Transactions - What Floats Can Be Sunk, Jack B. Justice

Villanova Law Review

No abstract provided.


Constitutional Law - State Action - State's Statutory Delegation Of Governmental Power To Creditor And Expansion Of His Common Law Remedies Held Sufficient State Action To Subject Creditor's Action To Fourteenth Amendment, Peter John Michael Rohall Jan 1978

Constitutional Law - State Action - State's Statutory Delegation Of Governmental Power To Creditor And Expansion Of His Common Law Remedies Held Sufficient State Action To Subject Creditor's Action To Fourteenth Amendment, Peter John Michael Rohall

Villanova Law Review

No abstract provided.


Certified Checks And Funds Redirection, Richard A. Lord Jan 1978

Certified Checks And Funds Redirection, Richard A. Lord

Villanova Law Review

No abstract provided.


Truth In Lending And The Federal Class Action, Joseph A. Dworetzky Jan 1976

Truth In Lending And The Federal Class Action, Joseph A. Dworetzky

Villanova Law Review

No abstract provided.


Truth In Lending And The Statute Of Limitations, Joseph A. Dworetzky Jan 1976

Truth In Lending And The Statute Of Limitations, Joseph A. Dworetzky

Villanova Law Review

No abstract provided.


Severance Of Buyer's Defenses Against Seller's Assignee Through Merger-Disclaimer Clauses: Circumvention Of Uccc Sections 2.403 And 2.404, Robert Dugan Jan 1974

Severance Of Buyer's Defenses Against Seller's Assignee Through Merger-Disclaimer Clauses: Circumvention Of Uccc Sections 2.403 And 2.404, Robert Dugan

Villanova Law Review

No abstract provided.


Uniform Commercial Code - Article Five - A Bank May Be A Confirming Bank On The Credit Of A Non-Bank Issuer, William C. Anderson Iii Jan 1974

Uniform Commercial Code - Article Five - A Bank May Be A Confirming Bank On The Credit Of A Non-Bank Issuer, William C. Anderson Iii

Villanova Law Review

No abstract provided.


Recent Developments In Products Liability Law In Pennsylvania, Warren W. Faulk Jan 1969

Recent Developments In Products Liability Law In Pennsylvania, Warren W. Faulk

Villanova Law Review

No abstract provided.


Gallagher Revisited: The Functionally Unrelated Corporate Reorganization, William D. Lipkind Jan 1968

Gallagher Revisited: The Functionally Unrelated Corporate Reorganization, William D. Lipkind

Villanova Law Review

No abstract provided.


Patents, Technical Data And International Defense Agreements, Harry M. Saragovitz, James A. Dobkin Jan 1968

Patents, Technical Data And International Defense Agreements, Harry M. Saragovitz, James A. Dobkin

Villanova Law Review

No abstract provided.


Products Liability In Pennsylvania, William E. Benner, Thomas C. Riley, Joseph A. Torregrossa Jan 1968

Products Liability In Pennsylvania, William E. Benner, Thomas C. Riley, Joseph A. Torregrossa

Villanova Law Review

No abstract provided.


The Pennsylvania Goods And Services Installment Sales Act, Robert B. White Jr. Jan 1967

The Pennsylvania Goods And Services Installment Sales Act, Robert B. White Jr.

Villanova Law Review

No abstract provided.


The Law Applicable To International Letters Of Credit, Roger J. Gewolb Jan 1966

The Law Applicable To International Letters Of Credit, Roger J. Gewolb

Villanova Law Review

No abstract provided.


Old Kontract Principles And Karl's New Kode: An Essay On The Jurisprudence Of Our New Commercial Law, Eugene F. Mooney Jan 1966

Old Kontract Principles And Karl's New Kode: An Essay On The Jurisprudence Of Our New Commercial Law, Eugene F. Mooney

Villanova Law Review

No abstract provided.


The Uniform Commercial Code's Statute Of Frauds For Sales Of Goods, Joseph A. Tate Jan 1966

The Uniform Commercial Code's Statute Of Frauds For Sales Of Goods, Joseph A. Tate

Villanova Law Review

No abstract provided.


Comments, Various Editors Jan 1961

Comments, Various Editors

Villanova Law Review

No abstract provided.


Pennsylvania - 1959 Session - Amendments To Article 9 Of The Uniform Commercial Code, Edward J. O'Malley Jan 1960

Pennsylvania - 1959 Session - Amendments To Article 9 Of The Uniform Commercial Code, Edward J. O'Malley

Villanova Law Review

No abstract provided.


Pennsylvania - 1959 Session - Amendments To Articles 3 And 4 Ofthe Uniform Commercial Code, Joseph A. Walheim, L. Francis Murphy Jan 1960

Pennsylvania - 1959 Session - Amendments To Articles 3 And 4 Ofthe Uniform Commercial Code, Joseph A. Walheim, L. Francis Murphy

Villanova Law Review

No abstract provided.


Recent Decisions, Various Editors Jan 1958

Recent Decisions, Various Editors

Villanova Law Review

No abstract provided.


Contract Formalities And The Uniform Commercial Code, Francis E. Holahan Jan 1957

Contract Formalities And The Uniform Commercial Code, Francis E. Holahan

Villanova Law Review

No abstract provided.


Bills And Notes - Stolen Government Bonds Applicable Law - Burden Of Proof, Henry A. Giuliani Jan 1956

Bills And Notes - Stolen Government Bonds Applicable Law - Burden Of Proof, Henry A. Giuliani

Villanova Law Review

No abstract provided.


The 1956 Revision Of The Uniform Commercial Code, Robert Braucher Jan 1956

The 1956 Revision Of The Uniform Commercial Code, Robert Braucher

Villanova Law Review

No abstract provided.