Construct · 1 fields · 1 citations

default rules: a standalone construct

One name. One construct. A landmark on the map.

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defaultrules1 CONSTRUCTDefault rulesAYRES · CONTRACT LAW

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Contract law

contract terms the law supplies when the parties are silent, which the parties remain free to contract around.

In contract law, default rules refers to contract terms the law supplies when the parties are silent, which the parties remain free to contract around. This meaning comes from Ayres (1989) in The Yale Law Journal.[1]

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Nearby constructs

penalty default rule1 fields · 1 citationsanchor · a standalone constructcontractarian theory of trusts1 fields · 1 citationsanchor · a standalone constructdefault3 fields · 3 citationsjingle · one word, three constructs

References

  1. Ayres, I., & Gertner, R. (1989). Filling Gaps in Incomplete Contracts: An Economic Theory of Default Rules. The Yale Law Journal, 99(1), 87. https://doi.org/10.2307/796722

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