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Contracts

Contract Law

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Contract And Dispossession, Deborah W. Post Jul 2012

Contract And Dispossession, Deborah W. Post

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This Essay, part of a collection of essays on the same theme, argues that contract law has become an instrument of oppression and dispossession rather than liberation. Having offered a critique, the challenge then is to consider whether it is possible to restore the liberatory potential of contract. The symposium, Post-Marxism, Post-Racialism & Other Fables of the Dispossession, was an invitation to consider the contemporary relevance of Marxist theory.

There are two reference points in this cultural critique. One is the importance of social position in a jurisprudence that embraces objectivity; the uncritical and unreflective reliance on hegemonic social …


Contract Law, Party Sophistication And The New Formalism, Meredith R. Miller Jan 2010

Contract Law, Party Sophistication And The New Formalism, Meredith R. Miller

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With increasing frequency, courts are mentioning party sophistication as relevant to whether a contract has been formed, whether a contract is enforceable, how the contract should be interpreted, and even, in some instances, the determination of an appropriate remedy. Sophisticated parties are held to a different set of rules, grounded in freedom of contract. It is presumed that a sophisticated party was aware of what to bargain for and read (or should have read) and understood (or should have understood) the terms of a written agreement.

But, just what do courts mean when they call a contracting party “sophisticated”?

“Sophistication” …