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4 - Unequal transactions

Published online by Cambridge University Press:  07 September 2011

Stephen Waddams
Affiliation:
University of Toronto
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Summary

It might be true to say, as a social observation, that most contracts involve an exchange of approximately equal value, but this observation is decidedly misleading in respect of contract law. Very many contracts that have legally significant consequences involve the exchange of unequal values, and the effect of contract law, where such contracts are enforced, is, therefore, to bring about unequal exchanges. A contract may make a poor person rich; it may make a rich person poor; and it may make a poor person even poorer than formerly. These may be the consequences not only of contracts known to be speculative, but of ordinary contracts, such as sales of goods or land.

Type
Chapter
Information
Principle and Policy in Contract Law
Competing or Complementary Concepts?
, pp. 87 - 122
Publisher: Cambridge University Press
Print publication year: 2011

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References

Evans, 1998
McFarlane, BStevens, R.H 2002
Grantham, RRickett, CSmith, LMacQueen, H 2005
2008 th
Trebilcock, 2001
Murray, J 1969
Devenney, JamesRe-examining Contract and Unjust Enrichment: Anglo-Canadian PerspectivesGiliker, Paula 2008
Crawford, B 1966
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Saprai, P 2009
1994 th
Brownsword, HowellsWilhelmsson, Posner, E 1999
2011
1995

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  • Unequal transactions
  • Stephen Waddams, University of Toronto
  • Book: Principle and Policy in Contract Law
  • Online publication: 07 September 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9781139005302.005
Available formats
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  • Unequal transactions
  • Stephen Waddams, University of Toronto
  • Book: Principle and Policy in Contract Law
  • Online publication: 07 September 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9781139005302.005
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Unequal transactions
  • Stephen Waddams, University of Toronto
  • Book: Principle and Policy in Contract Law
  • Online publication: 07 September 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9781139005302.005
Available formats
×