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Contract Theory - Oxford Scholarship Online
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Contract Theory

Stephen A. Smith


This book is both an examination of, and a contribution to, our understanding of the theoretical foundations of the common law of contract. Focusing on contemporary debates in contract theory, the book aims to help readers better understand the nature and justification of the general idea of contractual obligation, as well as the nature and justification of the particular rules that make up the law of contract. The book is in three parts. Part I introduces the idea of ‘contract theory’, and presents a framework for identifying, classifying, and evaluating contract theories. Part II describes a ... More

Keywords: common law of contract, contract theory, contractual obligation, remedies, mistake, jurisdictions, promissory theories, reliance-based theories, economic theories, offer and acceptance

Bibliographic Information

Print publication date: 1993 Print ISBN-13: 9780198765615
Published to Oxford Scholarship Online: March 2012 DOI:10.1093/acprof:oso/9780198765615.001.0001


Affiliations are at time of print publication.

Stephen A. Smith, author
University of Warsaw