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Product details:
- Edition number 1
- Publisher OUP Oxford
- Date of Publication 24 September 2026
- ISBN 9780198862802
- Binding Paperback
- No. of pages160 pages
- Size 174x111 mm
- Language English 700
Categories
Short description:
This Very Short Introduction shows how contract law prescribes the conditions for the cooperation and coordination that construct the marketplace by ensuring agreements are voluntary, maintaining reciprocity between parties, and providing remedies when contracts are breached.
MoreLong description:
Very Short Introductions: Brilliant, Sharp, Inspiring
Contract law supports and regulates the activity of contract making, and in doing so, supports and regulates the most important aspects of human life: our freedom, our welfare, and our sense of fairness and community. It allows us to project our intentions into the future and plan actions that require concrete pre-commitments. In doing so, it must lay down the rules of contract making - what it is, how we do it, what we can get from it, and what happens when things don't go to plan.
This Very Short Introduction shows how contract law prescribes the conditions for the cooperation and coordination that construct the marketplace by ensuring agreements are voluntary, maintaining reciprocity between parties, and providing remedies when contracts are breached. It describes how the detailed rules governing these functions, and how courts apply them, emerge from a delicate balancing of the five competing values that varies over time and societies: freedom, fairness, community welfare, efficiency, and practical workability. The contemporary challenge is to regulate contract making in the digital environment to protect consumers from exploitation while not stifling the innovation. Contract law reveals the architecture of human cooperation and coordination: how we've learned to trust strangers, coordinate complex activities, and built a global civilization. Understanding contract law means understanding what makes us human.
ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Table of Contents:
Human Cooperation and Coordination
Voluntariness I: Finding Consensus
Voluntariness II: Regulating Contractual Negotiations
Voluntariness III: the unexpected and unforeseen
Reciprocity I: the requirement of exchange
Reciprocity II: the precise contours of the exchange
Reciprocity III: controlling unfairness and illegality
Redress: remedies for broken contracts
The Future