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The point is that it's perfectly possible to invoke material causes for social changes — the prevalence of fast food making Americans heavier — even if perfectly rational, perfectly self-controlled individuals would not respond in the way real people really do.
Whether due to buyer's remorse or in reaction to drastic changes in circumstances, there have been a number of instances in which buyers have attempted to invoke "material adverse change" clauses or similar contractual terms and legal theories in attempts to avoid completing signed deals.
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Whereas the discussion of public goods commonly invokes material resources such as those listed above, theoretical and experimental approaches to the study of public goods effectively replace the public good with a focus on the underlying behaviour of cooperators and defectors [10], [11], [28].
Their work invokes materials with domestic and feminine associations, calling attention to the long-overlooked labor of women in art traditions that are different from but no less worthy of attention than the fine arts of painting and sculpture.
There is, though, an astonishing monologue, designed to invoke a material sense of the word "smoke" like a haemorrhage in your brain.
The obvious route, short of paying a large break-up fee, is to invoke the "material adverse change" clause, which lets the buyer walk away if the target's financial health has declined sharply relative to that of its industry.
"If permitted to stand," wrote Neal K. Katyal, the acting solicitor general, "the decision below would seriously limit the circumstances in which prosecutors could invoke the material witness statute without fear of personal liability".
In subsequent testimony by former Treasury Secretary Henry Paulson, the regulator admitted he did put pressure on Lewis to complete the deal and not invoke a material adverse change clause.
Lewis wanted to invoke a material adverse change clause to walk away from the deal, but the government urged completing the transaction to prevent further upheaval in the markets.
In that deal, Skyworks invoked the material adverse change clause in the companies' merger agreement.
Fed officials have acknowledged that they warned Mr. Lewis that he would be on shaky legal ground if he tried to back out of the deal by invoking a "material adverse change" clause.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com