Excerpts from 'The Best and Worst of Contracts Decisions: An Anthology' (Val Ricks, Editor) - Part 1: A Bayesian Defense of the Rule in Hadley v. Baxendale - Part 2: Sherwood v. Walker: Replevin for Rose Redux
7 Pages Posted: 18 Sep 2017 Last revised: 21 May 2018
Date Written: May 20, 2018
The author applies probability theory to two classic contracts cases: Hadley v. Baxendale (the broken crankshaft case) and Sherwood v. Walker (the pregnant cow case).
Keywords: Hadley v. Baxendale, Sherwood v. Walker, mistake, probability, remedies
JEL Classification: K12
Suggested Citation: Suggested Citation