Norcia v. Equitable Life Assurance Society of United States
District Court, D. Arizona
1Opinion of the Court
MEMORANDUM AND ORDER FOR CERTIFICATION
YOUNG, District Judge. 1
I. INTRODUCTION
“The duty to keep a contract at common law means a prediction that you must pay damages if you do not keep it, — and nothing else.” Oliver Wendell Holmes, Jr., The Path of the Law, 10 Harv.L.Rev. 457, 462 (1897). This “bad man” theory of contracts permeates American common law. That is, a contracting party usually cannot demand performance of a valid contract; rather, the defaulting party must either perform or pay damages equivalent to the value of the promised performance. Under this approach to contract theory, it…
2Cases cited13 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Jeanette Jesinger v. Nevada Federal Credit Union, a Federally-Chartered Credit Union Robert W. FleischmanCourt of Appeals for the Ninth Circuit · 1994
- Rawlings v. ApodacaArizona Supreme Court · 1986
- Sparks v. Republic National Life InsuranceArizona Supreme Court · 1982
- Noble v. National American Life InsuranceArizona Supreme Court · 1981
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3Cited by2 opinions
- Merrick v. Paul Revere Life InsuranceDistrict Court, D. Nevada · 2008
- Giddens v. Equitable Life Assurance Society of the United StatesDistrict Court, N.D. Georgia · 2004