contract theory the bro SIMONNN Flashcards
what is a Descriptivist
looks only at the actual contract parties entered into and how contract law gives effect to those = this would be instrumentalism
what is a Prescriptivist
recognizes that contract law is not a means to an ends rather that contract law can give effect to its own idea of what is proper contracting and implement rules to get to this standard.
Simon thinks that Smillies argument was not that contract law exists to promote any type of contracting, but
rather proper contracting based on a specific conception of proper contracting that emphasizes certainty.
Courts should not strive to fill gaps that the parties leave in a contract because to do so….
rewards improper contracting and discourages proper contracting - this demonstrates that contract law is not simply instrumentalism
how is contract law is not simply instrumentalism
because ontract law gives effect to a conception of proper contracting contained within contract law
Simon recognizes that individuals often have their own
perspectives and contexts that influence how they understand and interpret language. This means that even if two people use the same words, they may have different interpretations based on their experiences, beliefs, and intentions.