The Future of the Law of Contract.
- 1st ed.
- 1 online resource (303 pages)
- Markets and the Law Series .
- Markets and the Law Series .
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- Detailed Contents -- List of contributors -- Table of cases -- Table of legislation -- List of articles -- CHAPTER 1. AN OVERVIEW -- Introduction -- Diversity and unity -- Doctrine -- Evolution and revolution -- CHAPTER 2. THE IMPLIED OBLIGATION OF GOOD FAITH -- Introduction -- The American experience -- Canada -- Australia -- Singapore -- United Kingdom -- Internationalization -- Concluding thoughts -- CHAPTER 3. GOOD FAITH IN THE SUPREME COURT OF CANADA -- Introduction -- Bhasin v Hrynew -- Good faith and equity -- Security of contracts -- Subsequent decisions -- Conclusion -- CHAPTER 4. THE QUAGMIRE OF UTMOST GOOD FAITH IN INSURANCE LAW: A COMPARATIVE STUDY OF MALAYSIAN, AUSTRALIAN AND ENGLISH LAWS IN CONSUMER INSURANCE CONTRACTS -- Introduction -- The evolution of the legal principle of utmost good faith in the English insurance law -- Carter v Boehm -- The evolution of the burdensome duty of utmost good faith - misrepresentation in insurance contracts under common law -- Influencing the judgment of the prudent underwriter -- Current regulation and legislation under English law -- The Malaysian treatment of the principle of utmost good faith -- The reception of English law into Malaysia - cut-off dates -- Pre-contractual duty of disclosure for consumer insurance contracts -- The Australian treatment on the duty of utmost good faith in insurance contracts -- The future of utmost good faith in insurance contracts: is the application of utmost good faith in insurance contracts dead? -- Resurrection of utmost good faith - striking a more balanced approach -- Conclusion -- CHAPTER 5. OBJECTIVITY -- Introduction -- Purpose, rules and a presumption -- Focus of discussion -- What does the contract mean? -- Is there a contract? -- Introduction. Agreement between the two approaches -- Disagreement between the two approaches -- Two great nineteenth-century cases -- Implied terms -- Introduction -- Does the role of objectivity vary? -- Are implication and construction different? -- What does 'necessary' signify? -- Conclusions -- CHAPTER 6. AUTOMATED TRANSACTIONS AND THE LAW OF CONTRACT: WHEN CODES ARE NOT CONGRUENT -- Introduction -- Two classes of reasons for non-enforcement: principle and policy -- Coherentism and reasons of principle -- Regulatory-instrumentalism and reasons of policy -- The question of non-congruence: doctrinal principles, regulatory policies and automated transactional technologies -- Technological enablement -- Networks -- Deviation from the expectation measure -- Penalties -- Payments associated with an illegal contract -- Technological disablement -- A creditor's promise to settle for less (with any attempt to recover the balance of the debt being disabled) -- An unfair term in a consumer transaction -- Conclusion -- CHAPTER 7. THE RESILIENCE OF CONTRACT LAW IN LIGHT OF TECHNOLOGICAL CHANGE -- Introduction -- Roadmap -- Contract automation and artificial intelligence -- Some terminology -- Agents -- Autonomy -- Operators and users -- Confronting the theories -- Separation theories -- Agency theories -- Absence of intention -- Smart contracts -- The legal enforceability of 'smart contracts' -- Expressing intention -- Consideration -- Encoding contracts -- Coding errors -- Predictability -- Encoding contracts - or obligations? -- Reducing ambiguity? -- Ubiquitous computing -- A brief reminder of the 'past' - the click-wrap debate -- Transactions in ubicomp -- A question of consent -- Who deserves protection? -- A question of context -- Conclusions. CHAPTER 8. A COLLISION OF CONTRACT AND PRIVACY LAW IN A DIGITAL ENVIRONMENT-AN ACCIDENT WAITING TO HAPPEN! A COMPARATIVE STUDY -- Introduction -- What maketh an online contract? -- International agreement on electronic contracts -- Formation-offer? -- What does the social media platform offer, the use of the platform in exchange for PII? -- Acceptance - browse-wrap/click wrap agreements in the case of privacy agreements -- Acceptance general common law position, drawing on the experience in the United States -- Informed consent in cases of personal data protection pursuant to the EU's general data protection regulation (GDPR), which came into force in the EU on 25 May 2018 -- Protection of personal data -- The right to withdraw consent (the right to be forgotten) and contract law -- Consideration -- What amounts to consideration in common law countries - traditional views? -- Information as a form of consideration -- Other problems in taking civil action under the law of contract -- Class actions -- Standing -- The use of disclaimers -- Breach of contract -- Damages -- The position in the United States -- The position in Malaysia -- The position in the UK -- Conclusion: what is the difference between a normal contract and that relating to personal data? -- CHAPTER 9. SETTING OUT A COMPREHENSIVE LEGAL FRAMEWORK TO GOVERN EXEMPTION CLAUSES IN MALAYSIA: LESSONS FROM THE UNITED KINGDOM AND AUSTRALIA -- Introduction -- Background of study -- Legal framework governing exclusion clauses under common law -- Meaning and type of exclusion clauses -- Drawbacks of the rules of incorporation -- Drawbacks of the rules of construction/interpretation -- Legal framework governing exclusion clauses under the Contracts Act 1950 -- Doctrine of unconscionability -- Public policy -- Agreements in restraint of legal proceedings. Legal framework governing exclusion clauses under the Sale of Goods Act 1957 -- Exclusion of implied terms -- Application of law for the states of Sabah and Sarawak -- Legal framework governing exclusion clauses under the Hire-Purchase Act 1967 -- Legal framework governing exclusion clauses under the Consumer Protection Act 1999 -- Inadequacy of the Consumer Protection Act -- Unfair contract terms -- Guarantees in respect of supply of goods -- Product liability -- Lessons from the United Kingdom -- Unfair Contract Terms Act 1977 -- Consumer Rights Act 2015 -- Lessons from Australia -- Application of common law -- Section 68 Trade Practices Act 1974 (Cth) -- Sale of Goods Act 1923 (NSW) -- Contracts Review Act 1980 (NSW) -- Australian Consumer Laws -- The way forward in setting out a proper framework to govern exclusion clauses -- Contracts Act 1950 -- Sale of Goods Act 1957 -- Hire-Purchase Act 1967 -- Consumer Protection Act 1999 -- Specific legislation -- Concluding remarks -- CHAPTER 10. ECONOMIC DURESS: PRESENT STATE AND FUTURE DEVELOPMENT IN ENGLAND, AUSTRALIA AND MALAYSIA -- Introduction -- English law -- Illegitimate pressure -- Causation -- Australia -- Illegitimate pressure -- Causation -- Malaysia -- Section 15 Contracts Act 1950 -- Section 73 Contracts Act 1950 and economic duress -- A restrictive judicial approach -- Conclusion -- CHAPTER 11. THE VALIDITY OF CHOICE OF COURT AGREEMENTS IN INTERNATIONAL COMMERCIAL CONTRACTS UNDER THE HAGUE CHOICE OF COURT CONVENTION AND THE BRUSSELS IA REGULATION -- Introduction -- Concept, scope and key provisions of the Hague Convention -- Concept -- Scope -- Key provisions -- The nature and anatomy of choice of court agreements -- Formal validity and consent in choice of court agreements -- Substantive validity of choice of court agreements -- Severability of choice of court agreements -- Conclusions. CHAPTER 12. DE-IDENTIFICATION OF ISLAMIC FINANCE CONTRACTS BY THE COMMON LAW COURTS -- Introduction -- Non-interventionist approach to Islamic finance contracts -- Interventionist approach to Islamic finance contracts -- Judicial treatment of Shari'ah non-compliance -- Judicial reference of Shari'ah non-compliance to Shari'ah scholars -- The way forward -- Index.
The Future of the Law of Contract takes a comparative approach in addressing how the law of contract will develop over the next twenty-five years, as well as considering the ways in which changes to the way that contracts are made will affect the law.