- Video
Roman Categories of Contracts versus Modern Standards of “Reasonableness”
There is a debate in modern law about whether strict rules should govern transactions, or instead, they should be judged on a standard of reasonableness. Professor Richard Epstein argues that a system with hard rules does a better job of managing the majority of cases, and only a few marginal situations require a different approach. The Romans had firm categories and clear standards which made it simpler and more efficient to create and enforce contracts. https://youtube.com/watch?v=aI__5hHaOiY