Enrique Guerra on Illicit Promises
In this episode, Enrique Guerra, Instructor of Accounting at the University of Central Florida, discusses his draft article "Breaking Bad Promises." He begins by describing the "promise principle" and its role in contract theory. He reflects on the promise principle's inability to explain illicit promises and why they sometimes seem to create a moral obligation. He provides a taxonomy of promises, including illicit promises, and explains why existing contract theories do not account for illicit promises convincingly. And he proposes a "common law" theory of illicit promises, based on the "harm principle." Guerra is on Twitter at @lawscholar.