<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" media="screen" href="/~d/styles/atom10full.xsl"?><?xml-stylesheet type="text/css" media="screen" href="http://feeds.feedburner.com/~d/styles/itemcontent.css"?><feed xmlns="http://www.w3.org/2005/Atom" xmlns:openSearch="http://a9.com/-/spec/opensearch/1.1/" xmlns:georss="http://www.georss.org/georss" xmlns:gd="http://schemas.google.com/g/2005" xmlns:thr="http://purl.org/syndication/thread/1.0" xmlns:feedburner="http://rssnamespace.org/feedburner/ext/1.0" gd:etag="W/&quot;AkYBSH07eip7ImA9WhRUFEg.&quot;"><id>tag:blogger.com,1999:blog-3918924049749483704</id><updated>2012-01-24T21:22:39.302-05:00</updated><category term="You Can't Take It With You" /><category term="John Adams" /><category term="Amy Uelman" /><category term="Gojra" /><category term="Andhra Pradesh" /><category term="The White Tiger" /><category term="Telagana" /><category term="rights" /><category term="hypercrisy" /><category term="Bruce Baugus" /><category term="Puritanism" /><category term="Jim Schaap" /><category term="human rights" /><category term="Ayn Rand" /><category term="John Calvin" /><category term="Israel" /><category term="one-child policy" /><category term="Nicholas Wolterstorff" /><category term="cultural mandate" /><category term="CLAAS" /><category term="Nathan Hatch" /><category term="Maokong" /><category term="Job" /><category term="Redeeming Law" /><category term="restitution" /><category term="National Yunlin University" /><category term="Gloucester" /><category term="Neither Beast Nor God" /><category term="Overseas Chinese Institute of Technology" /><category term="worship" /><category term="moralistic therapeutic deism" /><category term="teleology" /><category term="image of God" /><category term="Jesus" /><category term="Tanu Bedi" /><category term="Godspell" /><category term="Roger Nicole" /><category term="Yousaf Raza Gillani" /><category term="NLU" /><category term="Crystal Cathedral" /><category term="emotivism" /><category term="Husain Haqqani" /><category term="Dale Coulter" /><category term="Economist" /><category term="sin" /><category term="Naxalite" /><category term="R3RUE" /><category term="John Terrill" /><category term="Ghanshyam Singh" /><category term="assisted suicide" /><category term="economic development" /><category term="Jennifer Burns" /><category term="consumerism" /><category term="Between The Assassinations" /><category term="Sioux Falls" /><category term="Wulai Village" /><category term="Advocates International" /><category term="David Opderbeck" /><category term="Advocates Asis" /><category term="Belmont" /><category term="Arm the Advocates Project" /><category term="virtues" /><category term="impracticability" /><category term="Indian Contract Act" /><category term="Taliban" /><category term="Oliver Wendell Holmes" /><category term="female feticide" /><category term="DevPro" /><category term="Uniform Commercial Code" /><category term="Renew 2010" /><category term="Morakot" /><category term="Ken Myers" /><category term="TRIPS" /><category term="Aakar Patal" /><category term="Supreme Court of India" /><category term="John Witte" /><category term="Commonwealth Games" /><category term="LPO" /><category term="GPS" /><category term="Robertson School of Government" /><category term="Freedom of Contract" /><category term="The Black Swan" /><category term="James Gordley" /><category term="fun" /><category term="Shih Hsin University" /><category term="Reagan Symposium" /><category term="corruption" /><category term="Labor Day" /><category term="Regent University" /><category term="Tremper Longman" /><category term="Ian Macneil" /><category term="James Smith" /><category term="Hindutva" /><category term="capitalism" /><category term="Hadley v. Baxendale" /><category term="Manmohan Singh" /><category term="Pakistan" /><category term="bandh" /><category term="education" /><category term="Chih Nan Temple" /><category term="David Skeel" /><category term="American culture" /><category term="Trident" /><category term="Mei-Hsin Wang" /><category term="contracts" /><category term="IJM" /><category term="Dordt College" /><category term="SEALS" /><category term="Social Security" /><category term="Becky Brauch" /><category term="Buck v. Bell" /><category term="Nassim Taleb" /><category term="Volokh Conspiracy" /><category term="BRIC" /><category term="Honey Bee Netwwork" /><category term="Souls in Transition" /><category term="Gilbert Meilaender" /><category term="Steven Smith" /><category term="China-India Border" /><category term="Sales" /><category term="Bannerghatta" /><category term="Garmin" /><category term="market capitalism" /><category term="Bankruptcy" /><category term="law school" /><category term="Katrina" /><category term="mass-consumer materialsim" /><category term="Legal Process Outsourcing" /><category term="covenant ratification ceremony" /><category term="Aravind Adiga" /><category term="Taj Hotel" /><category term="India" /><category term="Anthony Bradley" /><category term="corporations" /><category term="Mars Hill Audio Journal" /><category term="Ming Chuan University" /><category term="D.J. Hart" /><category term="Lord Kames" /><category term="BJP" /><category term="Nate Oman" /><category term="Kipling" /><category term="American civil religion" /><category term="surrogacy" /><category term="Angela Carmella" /><category term="Indian Insolvency Law" /><category term="Religious Legal Theory conference" /><category term="Rob Vischer" /><category term="emerging adults" /><category term="B.S. Parihar" /><category term="Alasdair MacIntyre" /><category term="Diognetus" /><category term="Isaiah" /><category term="Indian elections" /><category term="Zach Calo" /><category term="Shilin Night Market" /><category term="bar exam" /><category term="Christian Smith" /><category term="John Murray" /><category term="D.S. Hart" /><category term="Amar Singh" /><category term="Regent Law School" /><category term="Mark Noll" /><category term="frustration Rajpurohit" /><category term="confessionalization thesis" /><category term="Soochow University" /><category term="Liberating Black Theology" /><category term="Pew Forum" /><category term="orthogonal" /><category term="Alan Jacobs" /><category term="Westminister Presbyerian Church" /><category term="Mike Schutt" /><category term="Hillary Clinton" /><category term="Nazir Bhatti" /><category term="Paul" /><category term="impossibility" /><category term="Lloyd Blankfein" /><category term="film" /><category term="Hanoch Dagan" /><category term="Chindia" /><category term="Oberoi" /><category term="Flags of Our Fathers" /><category term="Fulbright to India" /><title>Pryor Thoughts</title><subtitle type="html" /><link rel="http://schemas.google.com/g/2005#feed" type="application/atom+xml" href="http://pryorthoughts.blogspot.com/feeds/posts/default" /><link rel="alternate" type="text/html" href="http://pryorthoughts.blogspot.com/" /><link rel="next" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default?start-index=6&amp;max-results=5&amp;redirect=false&amp;v=2" /><author><name>Regent Law School</name><uri>http://www.blogger.com/profile/02053409599918131703</uri><email>noreply@blogger.com</email><gd:image rel="http://schemas.google.com/g/2005#thumbnail" width="16" height="16" src="http://img2.blogblog.com/img/b16-rounded.gif" /></author><generator version="7.00" uri="http://www.blogger.com">Blogger</generator><openSearch:totalResults>277</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>5</openSearch:itemsPerPage><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" type="application/atom+xml" href="http://feeds.feedburner.com/PryorThoughts" /><feedburner:info uri="pryorthoughts" /><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="hub" href="http://pubsubhubbub.appspot.com/" /><feedburner:emailServiceId>PryorThoughts</feedburner:emailServiceId><feedburner:feedburnerHostname>http://feedburner.google.com</feedburner:feedburnerHostname><entry gd:etag="W/&quot;AkYBSH06eCp7ImA9WhRUFEg.&quot;"><id>tag:blogger.com,1999:blog-3918924049749483704.post-4416778018470343332</id><published>2012-01-24T21:22:00.000-05:00</published><updated>2012-01-24T21:22:39.310-05:00</updated><app:edited xmlns:app="http://www.w3.org/2007/app">2012-01-24T21:22:39.310-05:00</app:edited><title>Sbrisolona</title><content type="html">&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/_HzcYTjmQq8M/SyuNMNIpioI/AAAAAAAACqQ/QcY0-CCUs5Q/s400/sbrisolonahiang1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"&gt;&lt;img border="0" height="150" src="http://3.bp.blogspot.com/_HzcYTjmQq8M/SyuNMNIpioI/AAAAAAAACqQ/QcY0-CCUs5Q/s200/sbrisolonahiang1.jpg" width="200" /&gt;&lt;/a&gt;&lt;/div&gt;A very tasty Italian pastry from Mantova (a/k/a Mantua), Italy, new to the Pryor palates. Props to Attilio Arcari for the gift.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3918924049749483704-4416778018470343332?l=pryorthoughts.blogspot.com' alt='' /&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=YjTZhUg8g1Q:TmELfOSViZI:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=YjTZhUg8g1Q:TmELfOSViZI:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=YjTZhUg8g1Q:TmELfOSViZI:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=YjTZhUg8g1Q:TmELfOSViZI:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=YjTZhUg8g1Q:TmELfOSViZI:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=YjTZhUg8g1Q:TmELfOSViZI:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=YjTZhUg8g1Q:TmELfOSViZI:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=YjTZhUg8g1Q:TmELfOSViZI:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/PryorThoughts/~4/YjTZhUg8g1Q" height="1" width="1"/&gt;</content><link rel="replies" type="application/atom+xml" href="http://pryorthoughts.blogspot.com/feeds/4416778018470343332/comments/default" title="Post Comments" /><link rel="replies" type="text/html" href="http://pryorthoughts.blogspot.com/2012/01/sbrisolona.html#comment-form" title="0 Comments" /><link rel="edit" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/4416778018470343332?v=2" /><link rel="self" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/4416778018470343332?v=2" /><link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/PryorThoughts/~3/YjTZhUg8g1Q/sbrisolona.html" title="Sbrisolona" /><author><name>Pryorpostsindia</name><uri>http://www.blogger.com/profile/18077521279953292684</uri><email>noreply@blogger.com</email><gd:image rel="http://schemas.google.com/g/2005#thumbnail" width="16" height="16" src="http://img2.blogblog.com/img/b16-rounded.gif" /></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/_HzcYTjmQq8M/SyuNMNIpioI/AAAAAAAACqQ/QcY0-CCUs5Q/s72-c/sbrisolonahiang1.jpg" height="72" width="72" /><thr:total>0</thr:total><feedburner:origLink>http://pryorthoughts.blogspot.com/2012/01/sbrisolona.html</feedburner:origLink></entry><entry gd:etag="W/&quot;CkMCQXk8fCp7ImA9WhRUFEk.&quot;"><id>tag:blogger.com,1999:blog-3918924049749483704.post-8907813003967326472</id><published>2012-01-24T16:27:00.000-05:00</published><updated>2012-01-24T16:27:40.774-05:00</updated><app:edited xmlns:app="http://www.w3.org/2007/app">2012-01-24T16:27:40.774-05:00</app:edited><category scheme="http://www.blogger.com/atom/ns#" term="law school" /><title>The ABA and the Cost of Legal Education Part 3</title><content type="html">&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;Back in December I posted &lt;a href="http://pryorthoughts.blogspot.com/2011/12/aba-and-cost-of-legal-education.html" target="_blank"&gt;here &lt;/a&gt;and &lt;a href="http://pryorthoughts.blogspot.com/2011/12/aba-and-cost-of-legal-education-part-2.html" target="_blank"&gt;here &lt;/a&gt;on David Segal's jeremiads about legal education in American. The second post in particular responded to his reporting about the precarious status of the Duncan School of Law in Knoxville, Tennessee. Segal wondered aloud about the ABA's denial of Duncan's provisional accreditation and particularly its anti-competitive effects. I replied by wondering what Segal would say if Duncan's graduates were ultimately unable to pass the bar exam.&lt;br /&gt;
&lt;br /&gt;
Today's &lt;i&gt;National Juris&lt;/i&gt;t has an article giving more detail on why the ABA did what it did. You can read it &lt;a href="http://www.nationaljurist.com/content/duncan-school-law-files-appeal-aba-can-it-win" target="_blank"&gt;here&lt;/a&gt;. Suffice it to say that I believe the ABA's gate-keeping role seems warranted:&lt;br /&gt;
&lt;blockquote class="tr_bq"&gt;A major concern to the ABA was that the school readmitted one-third of  the students who failed out of the school. Eighteen students were  dismissed for a GPA below 1.25. Six of them, however, were readmitted  based on “extraordinary circumstances,” a percent the ABA found  unlikely.&lt;/blockquote&gt;Unlikely? Yeah. I guess you could say that. Despite its mission, Duncan is doing no service to students whose only purpose seems to be to pay the tuition to keep the school's doors open.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3918924049749483704-8907813003967326472?l=pryorthoughts.blogspot.com' alt='' /&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=yalclDVgBjg:_JVOVWQTWHg:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=yalclDVgBjg:_JVOVWQTWHg:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=yalclDVgBjg:_JVOVWQTWHg:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=yalclDVgBjg:_JVOVWQTWHg:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=yalclDVgBjg:_JVOVWQTWHg:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=yalclDVgBjg:_JVOVWQTWHg:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=yalclDVgBjg:_JVOVWQTWHg:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=yalclDVgBjg:_JVOVWQTWHg:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/PryorThoughts/~4/yalclDVgBjg" height="1" width="1"/&gt;</content><link rel="replies" type="application/atom+xml" href="http://pryorthoughts.blogspot.com/feeds/8907813003967326472/comments/default" title="Post Comments" /><link rel="replies" type="text/html" href="http://pryorthoughts.blogspot.com/2012/01/aba-and-cost-of-legal-education-part-3.html#comment-form" title="0 Comments" /><link rel="edit" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/8907813003967326472?v=2" /><link rel="self" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/8907813003967326472?v=2" /><link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/PryorThoughts/~3/yalclDVgBjg/aba-and-cost-of-legal-education-part-3.html" title="The ABA and the Cost of Legal Education Part 3" /><author><name>Pryorpostsindia</name><uri>http://www.blogger.com/profile/18077521279953292684</uri><email>noreply@blogger.com</email><gd:image rel="http://schemas.google.com/g/2005#thumbnail" width="16" height="16" src="http://img2.blogblog.com/img/b16-rounded.gif" /></author><thr:total>0</thr:total><feedburner:origLink>http://pryorthoughts.blogspot.com/2012/01/aba-and-cost-of-legal-education-part-3.html</feedburner:origLink></entry><entry gd:etag="W/&quot;D0ECRH45fip7ImA9WhRUEE8.&quot;"><id>tag:blogger.com,1999:blog-3918924049749483704.post-6262305296297211567</id><published>2012-01-19T21:14:00.000-05:00</published><updated>2012-01-19T21:14:25.026-05:00</updated><app:edited xmlns:app="http://www.w3.org/2007/app">2012-01-19T21:14:25.026-05:00</app:edited><category scheme="http://www.blogger.com/atom/ns#" term="corporations" /><title>Benefit Corporations</title><content type="html">&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;The lawyer types out there who practice in the non-profit field or in corporate law generally should take a look &lt;a href="http://ssrn.com/abstract=1988556" target="_blank"&gt;here &lt;/a&gt;and &lt;a href="http://ssrn.com/abstract=1944141" target="_blank"&gt;here &lt;/a&gt;to get up-to-the-minute (or thereabouts) information on the newest entity phenomenon, the benefit corporation.&lt;br /&gt;
&lt;br /&gt;
Props to colleague &lt;a href="http://www.regent.edu/acad/schlaw/faculty_staff/murray.cfm" target="_blank"&gt;Haskell Murray&lt;/a&gt; for being, if not ahead of the curve, at least at its cusp.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3918924049749483704-6262305296297211567?l=pryorthoughts.blogspot.com' alt='' /&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=J48EOw98Wv4:i-0-kDIXu-o:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=J48EOw98Wv4:i-0-kDIXu-o:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=J48EOw98Wv4:i-0-kDIXu-o:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=J48EOw98Wv4:i-0-kDIXu-o:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=J48EOw98Wv4:i-0-kDIXu-o:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=J48EOw98Wv4:i-0-kDIXu-o:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=J48EOw98Wv4:i-0-kDIXu-o:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=J48EOw98Wv4:i-0-kDIXu-o:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/PryorThoughts/~4/J48EOw98Wv4" height="1" width="1"/&gt;</content><link rel="replies" type="application/atom+xml" href="http://pryorthoughts.blogspot.com/feeds/6262305296297211567/comments/default" title="Post Comments" /><link rel="replies" type="text/html" href="http://pryorthoughts.blogspot.com/2012/01/benefit-corporations.html#comment-form" title="0 Comments" /><link rel="edit" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/6262305296297211567?v=2" /><link rel="self" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/6262305296297211567?v=2" /><link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/PryorThoughts/~3/J48EOw98Wv4/benefit-corporations.html" title="Benefit Corporations" /><author><name>Pryorpostsindia</name><uri>http://www.blogger.com/profile/18077521279953292684</uri><email>noreply@blogger.com</email><gd:image rel="http://schemas.google.com/g/2005#thumbnail" width="16" height="16" src="http://img2.blogblog.com/img/b16-rounded.gif" /></author><thr:total>0</thr:total><feedburner:origLink>http://pryorthoughts.blogspot.com/2012/01/benefit-corporations.html</feedburner:origLink></entry><entry gd:etag="W/&quot;AkcBQHk8fyp7ImA9WhRVGU0.&quot;"><id>tag:blogger.com,1999:blog-3918924049749483704.post-3911516712231697149</id><published>2012-01-17T21:45:00.001-05:00</published><updated>2012-01-18T12:34:11.777-05:00</updated><app:edited xmlns:app="http://www.w3.org/2007/app">2012-01-18T12:34:11.777-05:00</app:edited><category scheme="http://www.blogger.com/atom/ns#" term="contracts" /><title>Contractual Myopia</title><content type="html">&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;Two gents from University College London, George Letsas and Prince Saprai, have recently posted &lt;i&gt;Private Law and Moral Practices Part 1: Contract&lt;/i&gt; (abstract &lt;a href="http://ssrn.com/abstract=1972910" target="_blank"&gt;here&lt;/a&gt;). Given their request at the head of the piece ("please do not quote or cite without permission"), I will refrain from delving deeply into this short piece. I will, however, on the one hand recommend it for warning against attempts to justify any substantial set of legal relationships (like, say, contract) based on a single moral principle (therein the danger of legal myopia). Reminds me of my legal multi-perspectivalism even if I do have to say so myself. (Look &lt;a href="http://ssrn.com/abstract=1975420" target="_blank"&gt;here &lt;/a&gt;for a short account of what I mean by "multi-perspectivalism.") I fear that such myopia often characterizes legal and political theorists, not to mention folks who make a living in talk radio.&lt;br /&gt;
&lt;br /&gt;
On the other hand, sad to say, is that while Letsas and Sarprai do a fine job of describing the problem of legal myopia and the related distortions of inflation, repudiation, and stipulation, they don't do as well when explaining how multiple moral perspectives on a practice like contract &lt;i&gt;should &lt;/i&gt;be related to each other. We can see that more than one moral principle may be at work once we identify the problem of myopia but we can do no more. They cannot say whether and what additional principles should be at work.&lt;br /&gt;
&lt;br /&gt;
More accurate descriptions of what's going on in the law are to be preferred to less accurate ones but more than description must be done to justify any practice.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3918924049749483704-3911516712231697149?l=pryorthoughts.blogspot.com' alt='' /&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=Jg6wlL_iHhQ:KNa5rx-734M:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=Jg6wlL_iHhQ:KNa5rx-734M:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=Jg6wlL_iHhQ:KNa5rx-734M:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=Jg6wlL_iHhQ:KNa5rx-734M:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=Jg6wlL_iHhQ:KNa5rx-734M:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=Jg6wlL_iHhQ:KNa5rx-734M:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=Jg6wlL_iHhQ:KNa5rx-734M:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=Jg6wlL_iHhQ:KNa5rx-734M:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/PryorThoughts/~4/Jg6wlL_iHhQ" height="1" width="1"/&gt;</content><link rel="replies" type="application/atom+xml" href="http://pryorthoughts.blogspot.com/feeds/3911516712231697149/comments/default" title="Post Comments" /><link rel="replies" type="text/html" href="http://pryorthoughts.blogspot.com/2012/01/contractual-myopia.html#comment-form" title="0 Comments" /><link rel="edit" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/3911516712231697149?v=2" /><link rel="self" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/3911516712231697149?v=2" /><link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/PryorThoughts/~3/Jg6wlL_iHhQ/contractual-myopia.html" title="Contractual Myopia" /><author><name>Pryorpostsindia</name><uri>http://www.blogger.com/profile/18077521279953292684</uri><email>noreply@blogger.com</email><gd:image rel="http://schemas.google.com/g/2005#thumbnail" width="16" height="16" src="http://img2.blogblog.com/img/b16-rounded.gif" /></author><thr:total>0</thr:total><feedburner:origLink>http://pryorthoughts.blogspot.com/2012/01/contractual-myopia.html</feedburner:origLink></entry><entry gd:etag="W/&quot;CkQCQ3s_cCp7ImA9WhRVF08.&quot;"><id>tag:blogger.com,1999:blog-3918924049749483704.post-822796932671942695</id><published>2012-01-16T08:26:00.000-05:00</published><updated>2012-01-16T08:26:02.548-05:00</updated><app:edited xmlns:app="http://www.w3.org/2007/app">2012-01-16T08:26:02.548-05:00</app:edited><category scheme="http://www.blogger.com/atom/ns#" term="contracts" /><title>More On Contract Remedies Part 2</title><content type="html">&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;Last time I posted a bit about Michael Knobler's note on contract remedies &lt;a href="http://pryorthoughts.blogspot.com/2012/01/more-on-contract-remedies-part-1.html" target="_blank"&gt;here&lt;/a&gt;. The disconnect between contract as an option (to perform or pay compensation) and the widespread belief that breach is a wrong that at least sometimes should be remedied by something more than compensation creates a problem. Contract law rests on the presupposition of party consent; but what are we to do if many (most?) parties don't consent to the option theory? Two less-than-satisfactory alternatives are to do nothing or to educate non-lawyers about the law. Is there anything more positive? Knobler thinks so.&lt;br /&gt;
&lt;br /&gt;
He suggests that the law analyze contracts at two levels, first, as a breach of the primary obligation compensable under the current rules. Second, as a breach of what Knobler calls a "meta contract," which represents the value of the promise itself, not merely the loss caused by breach. How can such an abstract concept be valued? Either by giving the aggrieved promisee the power to demand specific performance or by "legislatively created guidelines similar to sentencing guidelines." The goal would be to monetize "the disutility associated with the mental adjustment of receiving something other than the contracted-for performance." The need for statutory guidelines is immediately apparent. And what of repeat players in the world of contracts, those who contract for value and would prefer a lower price to the potential to recover damage for breach of the "meta contract?" They could, under Knobler's system, opt back to the current state of the law in their contract.&lt;br /&gt;
&lt;br /&gt;
A bifurcated system of contract law is not as bizarre as it might seem. After all, already there are distinct merchant and non-merchant rules in Article 2 of the UCC and Knobler suggests making the dual system of recovery mandatory for non-merchant promisees.&lt;br /&gt;
&lt;br /&gt;
Knobler's analysis is more insightful than his suggestions likely to become law. Yet, the reconsideration of contract remedies is always a worthwhile endeavor. &lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3918924049749483704-822796932671942695?l=pryorthoughts.blogspot.com' alt='' /&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=PnTCq4xHdcs:0bloXTEtQDc:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=PnTCq4xHdcs:0bloXTEtQDc:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=PnTCq4xHdcs:0bloXTEtQDc:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=PnTCq4xHdcs:0bloXTEtQDc:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=PnTCq4xHdcs:0bloXTEtQDc:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=PnTCq4xHdcs:0bloXTEtQDc:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/PryorThoughts?a=PnTCq4xHdcs:0bloXTEtQDc:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/PryorThoughts?i=PnTCq4xHdcs:0bloXTEtQDc:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/PryorThoughts/~4/PnTCq4xHdcs" height="1" width="1"/&gt;</content><link rel="replies" type="application/atom+xml" href="http://pryorthoughts.blogspot.com/feeds/822796932671942695/comments/default" title="Post Comments" /><link rel="replies" type="text/html" href="http://pryorthoughts.blogspot.com/2012/01/more-on-contract-remedies-part-2.html#comment-form" title="0 Comments" /><link rel="edit" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/822796932671942695?v=2" /><link rel="self" type="application/atom+xml" href="http://www.blogger.com/feeds/3918924049749483704/posts/default/822796932671942695?v=2" /><link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/PryorThoughts/~3/PnTCq4xHdcs/more-on-contract-remedies-part-2.html" title="More On Contract Remedies Part 2" /><author><name>Pryorpostsindia</name><uri>http://www.blogger.com/profile/18077521279953292684</uri><email>noreply@blogger.com</email><gd:image rel="http://schemas.google.com/g/2005#thumbnail" width="16" height="16" src="http://img2.blogblog.com/img/b16-rounded.gif" /></author><thr:total>0</thr:total><feedburner:origLink>http://pryorthoughts.blogspot.com/2012/01/more-on-contract-remedies-part-2.html</feedburner:origLink></entry></feed>

