One-way contracts /

Saved in:
Bibliographic Details
Author / Creator:Ben-Shahar, Omri, author.
Imprint:[Chicago, Illinois] : Law School, University of Chicago, oct. 13, 2009.
Description:1 online resource (video file) (52 mins., 54 secs.)
Language:English
Series:Chicago's best ideas
Chicago's best ideas.
Subject:
Format: E-Resource Video Streaming Video
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11290590
Hidden Bibliographic Details
Other authors / contributors:University of Chicago. Law School, host institution.
Notes:Descption based on online resource; title from title screen (July 20, 2017).
Summary:What if consumer contracts were legally enforceable only against the consumers, but not against the business? This paper, part of my project on the 'myths of consumer protection, ' describes a regime of 'one-way contracts' - contracts between consumers and business to which only consumers are bound, the business is not. A breaching business would face no contractual liability. The paper argues that many consumer contracts are already disguised one-way contracts. It then demonstrates the variety of alternative consumer protections devices that would emerge in the total absence of legal protection. In a one-way contracts world, transactions will be redesigned to limit consumers' exposure to breach; insurance and bond services would develop to protect aggrieved consumers; reputation services and rating intermediaries would have a greater role; and public enforcement could potentially fill some of the remaining deterrence gaps. Thus, despite weakening the legal protections, the one-way contracts regime has the potential to improve consumer well being. The paper concludes that the focus within the consumer protection movement on enhancing access to, and the scope of, legal remedies may be misguided."

MARC

LEADER 00000ngm a2200000 i 4500
001 11290590
003 ICU
005 20170721082939.4
006 m o u
007 cr cna||||||||
007 vz czazuu
008 170719s2009 xx 100 o vleng c
035 |a (OCoLC)994155292 
040 |a CGU  |b eng  |e rda  |c CGU 
042 |a pcc 
043 |a n-us--- 
049 |a CGUA 
050 4 |a KF1609  |b .B462 2009 
100 1 |a Ben-Shahar, Omri,  |e author.  |0 http://id.loc.gov/authorities/names/nr97029221  |1 http://viaf.org/viaf/161139838 
245 1 0 |a One-way contracts /  |c Omri Ben-Shahar. 
264 1 |a [Chicago, Illinois] :  |b Law School, University of Chicago,  |c oct. 13, 2009. 
300 |a 1 online resource (video file) (52 mins., 54 secs.) 
336 |a two-dimensional moving image  |2 rdacontent  |0 http://id.loc.gov/vocabulary/contentTypes/tdi 
337 |a video  |2 rdamedia  |0 http://id.loc.gov/vocabulary/mediaTypes/v 
338 |a online resource  |2 rdacarrier  |0 http://id.loc.gov/vocabulary/carriers/cr 
490 1 |a Chicago's best ideas 
520 |a What if consumer contracts were legally enforceable only against the consumers, but not against the business? This paper, part of my project on the 'myths of consumer protection, ' describes a regime of 'one-way contracts' - contracts between consumers and business to which only consumers are bound, the business is not. A breaching business would face no contractual liability. The paper argues that many consumer contracts are already disguised one-way contracts. It then demonstrates the variety of alternative consumer protections devices that would emerge in the total absence of legal protection. In a one-way contracts world, transactions will be redesigned to limit consumers' exposure to breach; insurance and bond services would develop to protect aggrieved consumers; reputation services and rating intermediaries would have a greater role; and public enforcement could potentially fill some of the remaining deterrence gaps. Thus, despite weakening the legal protections, the one-way contracts regime has the potential to improve consumer well being. The paper concludes that the focus within the consumer protection movement on enhancing access to, and the scope of, legal remedies may be misguided." 
588 |a Descption based on online resource; title from title screen (July 20, 2017). 
650 0 |a Consumer protection  |x Law and legislation  |z United States.  |0 http://id.loc.gov/authorities/subjects/sh2008101115 
650 0 |a Contracts  |z United States.  |0 http://id.loc.gov/authorities/subjects/sh2008101022 
650 0 |a Performance (Law)  |z United States. 
650 7 |a Consumer protection  |x Law and legislation.  |2 fast  |0 http://id.worldcat.org/fast/fst00876372 
650 7 |a Contracts.  |2 fast  |0 http://id.worldcat.org/fast/fst00876969 
650 7 |a Performance (Law)  |2 fast  |0 http://id.worldcat.org/fast/fst01057846 
651 7 |a United States.  |2 fast  |0 http://id.worldcat.org/fast/fst01204155 
710 2 |a University of Chicago.  |b Law School,  |e host institution.  |0 http://id.loc.gov/authorities/names/n79060603  |1 http://viaf.org/viaf/127829080 
830 0 |a Chicago's best ideas.  |0 http://id.loc.gov/authorities/names/no2013049525 
856 4 0 |u https://youtu.be/uUSHbj51kh8 
903 |a HeVa 
929 |a cat 
999 f f |i 5c25213e-af75-59fb-af41-1478053cb9ff  |s 7cd516bf-3eab-5e77-8d49-0701d5cb39d4 
928 |t Library of Congress classification  |a XXKF1609.B462 2009  |l Online  |c UC-FullText  |u https://youtu.be/uUSHbj51kh8  |g vidstream  |i 10149381