Title: Efficient Breach and the Consummation of the Engineering Construction Contract System
Abstract: Efficient breach is one theory of the School Of Economic Analysis Of Law. According to it, the contract law became a method to transfer the commercial risk. To avoid wasting resource, actual fulfillment should be substituted by damage compensation under special situation. From the other side, the author analysis the feasibility of efficient breach and the loss from commercial risk transfer of efficient breach in this paper. At last, author gives the measure that the contract system should be perfected.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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