Total run time:
32m
What kinds of agreements are covered by the law of contracts? Professor Richard Epstein of NYU School of Law gives a basic definition, then goes through a variety of transactions, from simple to complex, where contracts with increasing degrees of formality are used. What role do contracts play in the greater social order? What net benefits do they have? Watch to learn more.
How are the terms of a contract set? Professor Richard Epstein of NYU School of Law argues that the theory of mutual gains over time between parties is key to setting the proper terms in contracts. Terms are set up to prevent specific problems arisin
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How are the terms of a contract set? Professor Richard Epstein of NYU School of Law argues that the theory of mutual gains over time between parties is key to setting the proper terms in contracts. Terms are set up to prevent specific problems arising from different kinds of duress and misrepresentation, which ensure mutual gain.
Professor Epstein is the inaugural Laurence A. Tisch Professor of Law at NYU School of Law, a Senior Fellow at the Hoover Institution, and Professor of Law Emeritus and a senior lecturer at the University of Chicago.
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
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Total run time:
32m
Course:
Total videos:
11
Difficulty:
Elective
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