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Corporate & Securities Law
: ContractsProf BlogMiller on Strategic Default
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Karl Llewellyn called it "welshing." Common law judges once called it a violation of a moral commitment. Now it's called "strategic default." With the deflation of the housing markets, buyers who bought homes in the expectation their prices would rise...Full post as published by ContractsProf Blog on October 11, 2010 (boomark / email).
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