The Roman Law of Contracts

The Roman Law of Contracts

Part IV of V in a course on Roman Law.

Society revolves around voluntary transactions. Contracts are needed as the rules or mechanisms that govern these exchanges. Professor Richard Epstein discusses simple contracts and how the Romans developed a system with basic premises that could be applied to complex situations.

Questions covered include: When do we need contracts? What are the basic types of contracts in Roman Law? When are promises enforceable?

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1 of 2: When Do We Need Contracts? [No. 86]

Professor Richard Epstein explains how society revolves around voluntary transactions. Contracts are needed as the rules or mechanism that govern these exchanges. There are a variety of both personal and business motives for transactions. Professor E ... Professor Richard Epstein explains how society revolves around voluntary transactions. Contracts are needed as the rules or mechanism that govern these exchanges. There are a variety of both personal and business motives for transactions. Professor Epstein discusses some examples of exchange where it is not obvious that both parties immediately gain a benefit, but a transaction still takes place under certain rules.

Professor Richard Epstein is the inaugural Laurence A. Tisch Professor of Law at NYU School of Law, a Senior Fellow at the Hoover Institution, and Professor of Law Emeritus and a senior lecturer at the University of Chicago.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

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About this Module

Total run time:

6m

Course:

Roman Law

Total videos:

2

Difficulty:

Elective

Tags:

  • Contracts