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http://ssrn.com/abstract=491302
 
 

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Promissory Fraud Without Breach


Ian Ayres


Yale University - Yale Law School; Yale University - 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.

Number of Pages in PDF File: 29

Keywords: contract, promissory fraud, false promise

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Date posted: August 3, 2004  

Suggested Citation

Ayres, Ian and Klass, Gregory, Promissory Fraud Without Breach (February 8, 2004). Yale Law & Economics Research Paper No. 295. Available at SSRN: http://ssrn.com/abstract=491302 or http://dx.doi.org/10.2139/ssrn.491302

Contact Information

Ian Ayres (Contact Author)
Yale University - Yale Law School ( email )
P.O. Box 208215
New Haven, CT 06520-8215
United States
203-432-7101 (Phone)
203-432-2592 (Fax)
Yale University - Yale School of Management
135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States
Gregory Klass
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
HOME PAGE: http://www.law.georgetown.edu/curriculum/tab_faculty.cfm?Status=Faculty&Detail=2165
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