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ContractsProf Blog 
Contract law resources, information, and news for the academic community.
Post Frequency: 8.1/day Last Entry: April 01, 2011 at 16:53:52 Recent Entries: 1236
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Weekly Top 10
Posted on March 30, 2009After a long hiatus, we?re back with the Weekly Top 10. It's a little heavy on commercial law this week, but there are some very nice contracts pieces that have hit the web in the last couple of months. Following...
Behind the scenes at AIG
Posted on March 30, 2009One of the interesting thing about the AIG explosion is how little most of us who are chattering in the media about the bailout and the bonuses (including me) actually know about why the whole thing blew up. If you...
AIG Talk
Posted on March 28, 2009Deborah Post (Touro) and I were guests on a Legal Talk Network segment discussing (what else?) the AIG bonuses. For those who can't get enough of hearing law professors talk to each other, you can access the podcast here. One...
For Those Who Did Not See Today's NY Times: More on AIG
Posted on March 25, 2009The Times today posted this letter of resignation from an AIG executive. He makes the case in defense of at least some of those executives. I have yet to see how this letter is received in the blogosphere. I do...
Business Associations Limerick of the Week: Stuparich v. Harbor Furniture
Posted on March 24, 2009This is a case about a family-owned close corporation. The father, Malcolm, Sr. gave a controlling share to his son, Malcolm, Jr., leaving two sisters, Candi and Ann, as minority shareholders. The siblings disagreed about the direction of the business...
Is the iPhone Actionably Slow?
Posted on March 23, 2009A New Jersey man is suing Apple, claiming that its network speed is not all it was advertised to be, according to this article in PC World. Plaintiff alleges breach of contract, among other things, because he claims that the...
Now in Print
Posted on March 23, 2009Paula D. Baron, The Doctrine of Penalties and the Test of Commercial Justification, 34 U.W. Austl. L. Rev. 42 (2008). Ashleigh L. Boggs, Note, Interpretation of Oil and Gas Lease Habendum Clauses in Texas and Why Oklahoma Should Maintain its...
New From the UN: Convention on Contracts for the International Carriage of Goods
Posted on March 20, 2009After nearly six years of negotiation, on December 12, 2008, the U.N. General Assembly adopted the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea. It will be open for signature on September...
More on AIG: The Employee Contracts
Posted on March 19, 2009The House of Representatives' Legal Services Committee has made the agreements about which everyone is talking available on its website. The documents can be accessed here. [Jeremy Telman]
Now in Print (Hither and Yon Combined)
Posted on March 18, 2009A number of interesting-looking pieces have made their way over the transom in recent weeks; and, now that spring break is upon me (yeah!), and several outside promotion and tenure reviews are behind me (yeah!!), I have time to pass...
More on the AIG Bonus Contracts
Posted on March 18, 2009A forum on the NYT site "Room for Debate" includes short reactions from Tom Baker, Charles Fried, Frank Snyder, Glenn Greenwald, James P. Tuthill and Deborah W. Post: check it out here. The NY Times also has an op-ed by...
Thanks to AIG, Contract Drafting is Topic of Late Night Talk
Posted on March 18, 2009Finally, contract drafting becomes a topic of late night television: Enjoy! [Meredith R. Miller]
More on Madoff Mistake Case
Posted on March 17, 2009We previously mentioned a NYT article about a lawsuit to unravel a divorce settlement that included a payout from husband to wife for the right to keep the $5.4 million (or so they thought) Madoff account. As part of the...
ContractsProf Represent!
Posted on March 17, 2009On the AIG bonus contracts, from the SF Chronicle: Some attorneys are asking why the government, which owns 80 percent of AIG, didn't pressure the company to withhold payments while it investigated ways to stop them. "There wasn't any hurry...
Business Associations Limerick of the Week: Pedro v. Pedro
Posted on March 17, 2009Pedros was a family business run by three brothers. Alfred discovered that his brothers, Carl and Eugene were embezzling from the business, and he wouldn't shut up about it. After two investigations, some funds could not be accounted for. Carl...
From the Populist Outrage File: Blame it on the Contracts
Posted on March 16, 2009Considerable populist outrage is being directed towards AIG, which is planning to pay around $120 million in bonuses to employees. Some of these employees were "executives in the same business unit that brought the company to the brink of collapse...
Contract Written in Blood is Not Enforced
Posted on March 14, 2009This from James Levy at Legal Writing Prof Blog: Get this - the AP reports that two friends went to a combination karaoke bar/sushi restaurant when one of them decides he wants to write an agreement promising the other that...
Business Associations Limerick of the Week: Wilkes v. Springside Nursing Home, Inc.
Posted on March 10, 2009I am heading off for a conference this week and am behind in preparations, so this will be a short post and probably the last for the week from me. Wilkes sets out the standard for fiduciaries in the context...
Terminator IV: Attack of the Litigious Producer
Posted on March 09, 2009Yeah, that's right, Arnold. While you're off governing California, your franchise is in the courts! According to this article in The Daily Express (which, according to its website, is "the World's Greatest Newspaper"), Moritz Bowman, one of the producers of...
Breaking: NYT Declares Death of Contract
Posted on March 07, 2009In What Contract? in the NYT Real Estate section, reporter Michael M. Grynbaum begins: COULD the days of the iron-clad contract be numbered? It used to be that once a buyer went to contract on an apartment, the terms of...
Would You Attempt to Hurdle Contract, Propery and Health Law to Become a Grandparent?
Posted on March 04, 2009Arbitration Agreements Must Specify Kentucky to Be Enforceable in Kentucky Courts
Posted on March 04, 2009How Many Credits For Contracts?
Posted on February 25, 2009Most contracts profs would probably prefer to teach the course over two semesters as a six-credit course. When I was a law student, my contracts course was 3/2, but the law school I attended has since eliminated one credit and...
Business Associations Limerick of the Week: Ringling Bros.
Posted on February 25, 2009The Ringling Brothers are pictured at right. Together, they created a successful business enterprise. But when they passed the circus on their heirs, things got a bit messy. So messy, in fact, that I no longer teach this case, as...
Tenure and Contract
Posted on February 24, 2009The American Association of University Professors, which is like a lioness defending her cubs when it comes to tenure is roaring about its recent success (as an amicus) in the First Circuit case, Otero-Burgos v. Inter-American University. That case did...
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