‘The Ubiquity of Unilateral Contracts’

“Some of the most memorable moments of a course in Contracts concern unilateral contracts, where climbers of flagpoles and crossers of the Brooklyn Bridge perform a sideshow in the circus of contract law. The colorful facts assure that students will remember unilateral contracts as strange outliers consigned to what Karl Lewellyn (right) called the ‘freak tent’ of contract law. This view is sometimes shared by modern contracts scholars, who resist the notion that a contract may unfairly bind only one of the parties …” (more)

[Sidney W DeLong, ContractsProf Blog, 5 January]

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