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The battle moves offshore

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  • In this article, Professor Robert Prentice takes issue with the trend of courts honoring contract-based securities fraud defenses and advocates the maintenance of a tort-based approach. Contrary to the arguments of contractarian theorists who argue that investors should be able to contractually negotiate their desired level of risk, and consequently that disclaimers and no reliance clauses should be honored, the article uses behavioral principles to undermine the assumption that humans ra-tionally contract....

    pdf86p konbetocroi 27-12-2012 36 3   Download

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