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Legal Ignorance and Information-Forcing Rules
2014
Social Science Research Network
People are often ignorant about the legal rules that govern the most common transactions in their lives. This Article analyzes one common regulatory response to our widespread legal ignorance. A surprisingly broad range of legal rules have the ostensible purpose of inducing sophisticated parties to draft express contract language that will inform their contractual partners about the legal rules governing a particular transaction. However, this "legal-informationforcing" objective often remains
doi:10.2139/ssrn.2408120
fatcat:gw4v5zjfdray7cyzjrkckgv7fe