This article defends the strong claim that contract law does not impose obligations to perform. This is not because there are no such obligations or because contract law is disconnected from morality. Far from it. This article argues that, rather than enforcing the obligations of promises, contract law concerns complaints against promissory wrongs. In order to draw out the distinction between t...

Economics; he would like to thank that institution for its hospitality. Abstract We view a contract as a list of outcomes. Ex ante, the parties commit not to consider outcomes not on the list, i.e., these are " ruled out ". Ex post, they freely bargain over outcomes on the list, i.e., the contract specifies no mechanism to structure their choice; in this sense outcomes on the list are not " rul...

End products are returned in all or in part to the country of the supplier of plasma. The costs involved in establishing a contract fractionation program are substantially less than those involved in establishing and operating a fractionation plant. In the absence of a local fractionation plant, products originating from plasma collected locally can be made available using contract fractionatio...

This paper presents a new methodology for design-by-features. After a brief background study of designby-features, a new architecture with a feature library, feature-based model, feature library management and feature-based model management is introduced. A standard feature class is defined for the feature library. Automatic feature-based model management covering interactive functions, identif...

A contract is a non-repudiable agreement on a given contract text, i.e., it can be used to prove unanimous agreement between its signatories to any veri er. A contract signing protocol is used to fairly compute a contract so that, even if n 1 of the n signatories misbehave, either all or none of them obtain a contract. Optimistic contract signing protocols use a third party to ensure fairness, ...

This article describes KERNEL, a text understanding system developed at the Unisys Center for Advanced Information Technology. KERNEL's design is motivated by the need to make complex interactions possible among system modules, and to control the amount of reasoning done by those modules. We will explain how Kernel's architecture meets these needs, and how the architectures of similar systems c...

There has been much discussion of the gap between full-time and part-time students narrowing due to many full-time students undertaking work during their period of study. Our hypothesis is that there remains a huge divide between these groups in terms of the complete learning experience and, therefore, the support to be provided by Business Schools. We approach this topic from three perspective...

We consider a general adverse selection model as an optimal control problem with mixed constraints. We prove that under broad conditions the optimal contract exists and is continuous.

Contract farming involves a pre-agreed price between the company and the farmer. The agreement is defined by the commitment of the farmer to provide an agricultural commodity of a certain type at a time and a price and the quantity required by a committed buyer, mostly a large company. The present paper is intended to conduct a case study of PEPSICO Plant, located in village Channo, district Sa...