One of the most important questions asked in contract theory is why contracts are enforced.
A complete contract is an important concept from contract theory.
Bentham's criticisms of social contract theory had been accepted but nothing was put in its place.
This influenced Locke to forge a social contract theory of a limited state and a powerful society.
The question of the relation between natural and legal rights, therefore, is often an aspect of social contract theory.
In contrast, the contract theory sees the company as the result of a purely private initiative.
Employers have an obligation to rescue employees, under an implied contract theory.
According to contract theory, moral hazard results from a situation in which a hidden action occurs.
Citizenship status, under social contract theory, carries with it both rights and responsibilities.
From contract theory, decisions in transactions where one party has more or better information than the other is an asymmetry.
