Judicial Efficiency, Incomplete Contract and Self-fulfillment

Bo FENG

Abstract


From the perspective of the economics of law, the ruling on the first guiding case of China i.e. jump-dealing case has great breakthrough significance. It gets rid of the constraint of the hypothesis of traditional contract law on complete contracts, encourages the self-fulfillment of incomplete contract from the logic starting point of incomplete contract, highlights the incentive function of the remedy for breach of contract and emphasizes that the function of contract law is aimed to improve transaction efficiency and optimize resource allocation.


Keywords


Jump-dealing; Guiding Case; Incomplete Contract; Self-fulfillment

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References


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DOI: http://dx.doi.org/10.3968%2F4919

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