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| | Contract Law Should Return to Its Classical Form, Scott Urges |
 | | Thus laws that presume humans to be strictly self-interested, and therefore needing to be closely regulated, may instead be unnecessarily complicating and weakening bargains, Scott said. |
 | | Chair lectures are traditional at the School of Law when professors are elevated to prestigious chairs, and the five Harrison chairs, established last year with a $30 million gift from the estate of David and Mary Harrison of Hopewell, Virginia, are among the handful of most handsomely endowed professorships in the American legal academy. |
 | | Contract law is at risk of becoming “irrelevant,” Scott said, unless “courts and legislators come to see that, in fact, less contract law is better than more.” He proposed that the field move toward “self-enforcement as the preferable alternative to legal enforcement for many promises that fall outside the boundaries of the classical model.” |
| www.law.virginia.edu /home2002/html/news/2003_fall/scott_harrisonlecture.htm (1718 words) |
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