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Ella nods a serious contractual agreement.
The Penalty Default Canon, in contrast, is more nuanced, mimicking the approach taken by contract scholars and courts in the setting of contractual default rules.
Because contractual default rules form the backdrop against which parties renegotiate, the RSI default allocates bargaining power to one party or the other in much the same manner as does ownership.
Specifically, we propose a contractual default rule applicable to all contract interpretation, gap-filling, and good faith inquiries (a relationship-specific investment, or RSI default) that accounts for the renegotiation position of contracting parties.
General dental practitioners' contracts resemble budget silos which are not generally amenable to large-scale resource reallocation at local levels in the absence of significant underperformance or more serious contractual breaches.
Furthermore, being an inter-temporal transaction, credit exposes the lender to post-contractual default risks.
As soon as they think there's a serious risk of default, they will act.
About 4.3 million households are either in serious default or in foreclosure.
Its reward has been a Depression-level slump — and financial markets continue to treat it as a serious default risk.
They became less likely to have a serious default on their cards, and more likely to bet on good credit risks later in life.
The VA's low rates of serious default are attributable in part to its intensive, hands-on servicing of mortgages.
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CEO of Professional Science Editing for Scientists @ prosciediting.com