“The statement that reciprocal loyalty encourages collaboration needed for contract performance is a truism, practically a cliché. Courts have long emphasized the significance of honesty, cooperation, and reciprocity for maintaining decent contractual relations. However, contract law theoreticians have not yet developed a comprehensive account of interpersonal trust in short-term contracts outside the conventional understanding of fiduciary relations or relational contracts. In a recent article, I explore the notion of interpersonal trust in one-shot contracts by introducing to the legal audience the philosophy, economics, and psychology studies on this subject …” (more)
[Leon Yehuda Anidjar, Oxford Business Law Blog, 10 March]
First posted 2020-03-10 07:16:59
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