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Contracts

Default rules

Daniel A Monroy C

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Majoritarian Default Rules In Civil Contract Law: Legal Doctrine And Law & Economics [En Español], Daniel A. Monroy Sep 2014

Majoritarian Default Rules In Civil Contract Law: Legal Doctrine And Law & Economics [En Español], Daniel A. Monroy

Daniel A Monroy C

Resumen

El presente trabajo posee dos objetivos complementarios: Por un lado (i) basados en una lectura de la doctrina jurídica civilista en general, se evidencia la existencia de un criterio normativo al que debiera responder las reglas predeterminadas (reglas supletivas) en el derecho de contratos. Por otro lado, (ii) se contrasta e enriquece dicho criterio normativo con los aportes que sobre el mismo punto ha efectuado el Análisis Económico del Derecho (AED). Así, la hipótesis del trabajo se expresa en la idea de que, conforme la doctrina jurídica civilista, las reglas predeterminadas debieran ser el reflejo de lo regular, lo …


There Are Penalty Defaults Rules In The Colombian Contract Law [En Español], Daniel A. Monroy Jun 2014

There Are Penalty Defaults Rules In The Colombian Contract Law [En Español], Daniel A. Monroy

Daniel A Monroy C

In the late 80s, Ian Ayres and Robert Gertner proposed a supplementary and controversial theory about how to fill gaps in incomplete contracts. Specifically, the authors coined the concept of "penalty default rule", this is a default rule that fills a gap with a term that the majority of parties wouldn't have wanted. Based on this theoretical background, the aim of this paper is to show that indeed, there are penalty defaults rules in the Colombian contract law. To this end, our the paper (i) proposes a methodology to identify hypothetical fact situations in which penalty defaults should be established, …