The law and economics of contract interpretation /

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Bibliographic Details
Author / Creator:	Posner, Richard A., author.
Imprint:	[Chicago, Illinois ] : Law School, University of Chicago, 2004.
Description:	1 online resource (52 pages).
Language:	English
Series:	John M. Olin Law & Economics Working Paper ; no. 229 (2d series) John M. Olin Program in Law & Economics working paper ; 2nd ser., no. 229.
Subject:	Contracts -- Interpretation and construction. Contracts -- Economic aspects. Contracts -- Economic aspects. Contracts -- Interpretation and construction.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/8786897

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Notes:	"November 2004." Includes bibliographical references. Title from online title page (viewed May 17, 2012).
Summary:	"Contract interpretation is an understudied topic in the economic analysis of contract law. This paper combines simple formal analysis of the tradeoffs involved in interpretation with applications to the principal doctrines of contract interpretation, including the 'four corners' rule, mutual mistake, contra proferentum, and what I call the (informal but very important) rule of 'extrinsic nonevidence.' Gap filling is distinguished, and the relativity of interpretive doctrine to the interpretive medium - jurors, arbitrators, and judges in different kinds of judicial system - is emphasized."

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