Bargain Theory

Some articles on theory, bargain theory, bargain:

Consideration Under American Law - Theories of Consideration
... The first is "benefit-detriment theory", in which a contract must be either to the benefit of the promisor or to the detriment of the promisee to ... The second is "bargain theory", in which the parties subjectively view the contract to be the product of an exchange or bargain ... Bargain theory has largely replaced benefit-detriment theory in modern contract theory, but judges often cite both and may use both models in their decisions ...

Famous quotes containing the words theory and/or bargain:

    The human species, according to the best theory I can form of it, is composed of two distinct races, the men who borrow and the men who lend.
    Charles Lamb (1775–1834)

    Generally speaking, we would make a good bargain by renouncing all the good that people say of us, upon condition they would say no ill.
    François, Duc De La Rochefoucauld (1613–1680)