Maybe Dick Speidel Was Right about Court Adjustment

14 Pages Posted: 2 Apr 2009

Date Written: April 1, 2009

Abstract

In a symposium to honor Professor Richard Speidel, a giant in the field of contract and commercial law for over four decades, this contribution argues that Speidel may have been correct in asserting that, in limited circumstances, court adjustment of disrupted long-term contracts makes sense. I assert that nothing courts have decided or writers have analyzed since the ALCOA case proves that court adjustment is wrong-headed. But, as with so many policy issues, we may never identify the "best" judicial approach to disrupted long-term contracts because resolution depends on too many variables and unknowns.

Keywords: contracts, commercial law, law and courts

Suggested Citation

Hillman, Robert A., Maybe Dick Speidel Was Right about Court Adjustment (April 1, 2009). San Diego Law Review, Forthcoming, Cornell Legal Studies Research Paper No. 09-008, Available at SSRN: https://ssrn.com/abstract=1371787

Robert A. Hillman (Contact Author)

Cornell Law School ( email )

Myron Taylor Hall
Cornell University
Ithaca, NY 14853-4901
United States
607-255-4902 (Phone)
607-255-7193 (Fax)

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