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6 Oct 2007, 2:41 pm
Pepsico, Inc., 88 F.Supp.2d 116 (1996), Wood J. stated, Long a staple of law school curricula, Carbolic Smoke Ball owes its fame not merely to “the comic and slightly mysterious object involved”… but also to its role in developing the law of unilateral offers. [read post]
1 Jun 2007, 2:30 pm
Absent evidence of intent to defraud a debtor's creditors, which remains ground for denying protection to payments under a financial contract, the new role of judges is to apply industry custom to financial contracts in much the same way that they would apply custom to interpret a contract under the Uniform Commercial Code. [read post]
