Banking, Business, and Contract Law

Fault in Contract Law

A promisor is strictly liable for breaching a contract, according to the standard account. However, a negligence-based system of contract law can be given an economic interpretation, and this Article shows that such a system is in some respects more attractive than the strict-liability system. This may explain why, as a brief discussion of cases shows, negligence ideas continue to play a role i...

Individual Rights and Contract: (Freedom and Reciprocity in Contract Law)

Confidential Business Information in Jurisprudence and Iranian law

As a result of information technology era and possibility of swift access to information, endorsement of Confidential Business Information (CBI) has found an extraordinary importance; whereas the CBI concept and legal warranty in order to support it thoroughly in Iran is not emphasized in the framework of a specific law. This issue has led to legal problems in the trial with allegation of CBI v...

Analysis of Supplementary Banking Contracts in Imamieh Jurisprudence and Law

Whe the Bank is obliged to apply certain contracts as specified in the Law on Banking Operations to finance its economic activities, first to attract monetary resources as investment funds from the community and then as Advocate applicants from these resources. In note 23 of the Law on Continuous Improvement of the Business Environment Act, 2011, the Central Bank is required to regulate uniform...

Common Mistake in Contract Law

English Contract Law has long struggled to understand the effect of a fundamental common mistake in contract formation. Bell v. Lever Brothers Ltd. [1932] A.C. 161 recognises that a common mistake which totally undermines a contract renders it void. Solle v. Butcher [1950] 1 K.B. 671 recognises a doctrine of ‘mistake in equity’ under which a serious common mistake in contract formation falling ...