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Promissory Fraud Without Breach
Ian Ayres Yale Law School; Yale School of Management Gregory Klass Georgetown University - Law Center February 8, 2004 Yale Law & Economics Research Paper No. 295 Abstract: It is of course true that proving breach of contract is not sufficient to establish promissory fraud liability. But in this paper we argue that breach of contract should not even be a necessary element for proving promissory fraud. There are a variety of contexts without legally enforceable contracts where insincere promising should still be deemed tortuous because of the willful harm that it causes. Promisors who are free from contractual liability nonetheless are sometimes potentially liable for this promissory tort.
Keywords: contract, promissory fraud, false promise Working Paper SeriesDate posted: August 03, 2004 ; Last revised: December 07, 2004Suggested CitationContact Information
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