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• W150198151 abstract "We are honored to introduce this special issue of the Journal of Corporation Law. Both of us had the opportunity to work with and learn from David Vernon. As a colleague, he was by turns funny and curmudgeonly. And, we loved him for both. As a teacher, he was respected and loved. As a scholar, he was interesting and diverse. This issue of the Journal pays tribute to all of those attributes. One of the nicest things about organizing this edition of the Journal was the alacrity with which those who were asked responded. Some of them we had not met. For example, Bob Hillman taught at Iowa before either of us arrived. In fact, he left here twenty years ago. Yet, when asked whether he might like to contribute an article to an edition of the Journal dedicated to David, he promptly said yes. His article, Contract Lore, tells us why. He opens by describing David as tremendously available, helpful, and generous. David was all of those things. The articles in this edition also pay tribute to David's diversity as a scholar. During the years we worked with him, we were constantly amazed by the number and variety of subjects he had taught. Contracts, of course, was a given, but David also taught Conflicts, Remedies, and even, Debtor Creditor law. So, when we asked people to write pieces, we stressed that the point was to honor David, and that nearly any commercial nexus would both allow for an appropriate JCL fit and appropriately honor David. The authors have succeeded in doing both. Professor Hillman refers to David as a legend and uses that as a segue to the substance of his article-some traditional principles that people who talk about law invoke in their discussions about that law. Those beliefs, he argues, are simply that. They are not tethered to the positive law or pragmatic reality, but are largely contract For example, Professor Hillman looks at the stated purpose of expectancy damages-to put the plaintiff in the position he would be in if the had been performed. Despite this definition, he argues, injured parties are not allowed to recover damages necessary to give them what they would have received if there had been no breach, including prejudgment interest, attorney's fees, and unforeseeable consequential damages. This contrast between the stated principle and the reality, Professor Hillman argues, is a form of lore. In addition to the lore of expectancy damages, Professor Hillman points out that contracts scholars and lawyers pay homage to the principle that the motivations of the breaching party are irrelevant to the damage award. Paying the actual loss is the goal, not the punishment. Yet, Professor Hillman points out that the exceptions to this stated rule all but swallow it. For example, the determination of whether a material breach exists can depend on the willfulness of the breaching party's actions. Thus, although not a direct part of the damages calculation, bad actions clearly play a role in the availability of damages. Professor Hillman offers other examples on this topic as well, noting that he finds curious the stress that scholars and others place on the discussion of the irrelevancy of willfulness, when judges obviously pay attention to and incorporate evidence of willfulness into their opinions and, ultimately, the law. Professor Hillman also explores the contrast between the way that contracts people emphasize intent and its importance, with the actual doctrine that emphasizes the objective manifestations of intent. Professor Hillman then turns to a discussion of the value of lore, concluding that although it has a role to play in discussions of law, overreliance on it may well produce less accurate statements about the law than is efficacious. Instead, Professor Hillman encourages contracts people to grapple more with the reality of law and, in so doing, perhaps move the law forward to newer and better levels. …" @default.
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• W150198151 date "2002-07-01" @default.
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• W150198151 title "David H. Vernon: The Legacy of His Visionary Deanship" @default.
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