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International Trade Law

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The Paradox Of Contracting In Markets, Robert E. Scott Jan 2020

The Paradox Of Contracting In Markets, Robert E. Scott

Faculty Scholarship

Traditional economic analysis distinguishes economic organization along three dimensions: firm, contract, and market. This categorization is misleading in any number of respects, but none more so than the assumption that contract and market are separate modes of exchange. In fact, other than barter, which is almost unknown in contemporary commercial transactions, every market transaction is implemented by contract. Thus, in markets the two modes of exchange are inextricably combined. Moreover, the vast majority of contract activity occurs in some form of market, so it does not require much loss of generalization to say that not only are contracts in all …


International Sale Of Goods 2009, Gregory M. Duhl Jan 2010

International Sale Of Goods 2009, Gregory M. Duhl

Faculty Scholarship

This is a survey of key cases decided by U.S. courts in 2009 interpreting the United Nations Convention on Contracts for the International Sale of Goods ("CISG"). Courts interpreted the scope, formation, warranty, avoidance, and remedies provisions of the CISG.


International Sale Of Goods 2008, Gregory M. Duhl Jan 2009

International Sale Of Goods 2008, Gregory M. Duhl

Faculty Scholarship

This is a survey of key cases decided by U.S. courts in 2008 interpreting the United Nations Convention on Contracts for the International Sale of Goods ("CISG"). Courts interpreted the scope, formation, modification, excuse, notice, and remedies provisions of the CISG.