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Contractual risk: Difference between revisions
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But this is to confer upon our learned friends a “best-of” option. The bigger the value, the more room for ''[[eaglery]]''.<ref>This is, of course, another way of articulating {{buchstein}}’s [[Special theory of Parkinson’s Law|special theory of Parkinson’s Law]].</ref> | But this is to confer upon our learned friends a “best-of” option. The bigger the value, the more room for ''[[eaglery]]''.<ref>This is, of course, another way of articulating {{buchstein}}’s [[Special theory of Parkinson’s Law|special theory of Parkinson’s Law]].</ref> | ||
But we don’t think that is quite right. Different contracts ask us to take different kinds of risk along the [[airbag - steering-wheel continuum]]. | But we don’t think that is quite right. Different contracts ask us to take different kinds of risk along the [[airbag - steering-wheel continuum]]. Only some of those risks demand greater acumen from our legal friends. | ||
=====Economic risks: airbags and life-rafts ===== | =====Economic risks: airbags and life-rafts ===== | ||