The Limits of Promise

Author(s):  
Prince Saprai

This chapter critically assesses three ways in which promise might plausibly claim to play a ‘foundational’ or special justificatory role in contract. According to ‘justificatory necessity’, promise plays an essential or necessary role in the justification of each and every contract doctrine. According to ‘justificatory primacy’, promise defeats all conflicting principles in contract. And, finally, according to ‘justificatory presumptiveness’, the divergence of contract from promissory morality justifies an epistemic presumption that contract law is prima facie unjustified. This chapter shows how these interpretations are insufficiently sensitive to the fact of ‘normative pluralism’ in contract, and how this leads them to seriously mishandle contract doctrine. They end up either repudiating perfectly justified contract law doctrines, upholding problematic doctrines, or, finally, offering the wrong explanation of contract law rules. This chapter argues that the truth about contract law depends on reaching beyond the promise theory and its foundationalist assumptions.

Author(s):  
Prince Saprai

This chapter defines the book’s main target: the ‘promise theory’ of contract law. It claims that the promise theory is a ‘foundationalist’ theory of contract law, according to which the promise principle plays a special normative role in justifying contract law rules and doctrines. What exactly this special role is has been left obscure in the literature. This chapter offers three plausible interpretations. First, there is ‘justificatory necessity’ or the idea that promise plays an essential or necessary role in the justification of each and every contract law rule or doctrine. Second, there is ‘justificatory primacy’, according to which the promise principle overrides or defeats all other principles in cases of conflict. And, finally, there is ‘justificatory presumptiveness’, according to which there is an epistemic presumption that when contract law diverges from promise it is prima facie unjustified.


2017 ◽  
pp. 148-158 ◽  
Author(s):  
A. Bulatov

The paper deals with the past, current and future situation in Russian capital outflow and inflow. The specific features of the past situation (2001-2013) were as follows: big scale of Russian participation in international capital movement; turnover of national capital between Russia and offshores; stable surplus of capital outflow over inflow; inadequacy of industrial structure of capital inflow to Russian needs. The current situation is characterized by such new features as radical cut in volumes of capital outflow and inflow, some decrease in its level of offshorization. In the mid-term the probability of continuation of current trends is high. In the long-term the mode of Russian participation in international capital movement will prima facie depend on prospects of realization of systematic reforms in the Russian economy.


2018 ◽  
Vol 22 (3) ◽  
pp. 433-434
Author(s):  
Kathrin Kuehnel-Fitchen
Keyword(s):  

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