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Linking little fingers is one of several common gestures indicating a promise has been made. The "promise", in sociology and society, as discussed by C. Wright Mills [ 15 ] and others is the ideological impression or commitment our society makes to us, and the commitment we make to our society in return for prosperity .
Hold-up problems are created from the existence of firm-specific investments, but also from the set of long-term contracts that are used in the presence of the certain investments. Whether a vertical integration is adopted as a solution to the hold-up problem depends on the magnitude of the specific investment and the ability to write long-term ...
the law of the country in which an action is brought out lex lata: the carried law The law as it has been enacted. lex loci: the law of the place The law of the country, state, or locality where the matter under litigation took place. Usually used in contract law, to determine which laws govern the contract. / ˈ l ɛ k s ˈ l oʊ s aɪ / lex ...
The traditional notion that courts won't look into the adequacy of consideration, an ancient notion in the English common law, doesn't square with the benefit-detriment theory (in which courts are implicitly analyzing if the parties are receiving a sufficient benefit) but does square with the bargain theory (in which only the subjective ...
The Cravath System is a set of business management principles first developed at Cravath, Swaine & Moore.. John Oller, author of White Shoe, credits Paul Drennan Cravath with creating the model in the early 20th century, which was adopted by virtually all white-shoe law firms, fifty years before the phrase white shoe came into popular use. [1]
A common theme in lawyer jokes is to present a lawyer or law firm, particularly in parody settings, with a gag name such as the commonly used "Dewey, Cheatem & Howe" [12] (a pun on the phrase "Do we cheat 'em? And how!" [13]). The gag name pokes fun at the perceived propensity of legal professionals to take advantage of their clients.
A Law Reference Collection, 2011, ISBN 1624680003 and ISBN 978-1-62468-000-7 Trinxet, Salvador. Trinxet Reverse Dictionary of Legal Abbreviations and Acronyms , 2011, ISBN 1624680011 and ISBN 978-1-62468-001-4 .
[6] [7] According to Leslie Perlow, up or out is also employed at Boston Consulting Group. [ 8 ] Among many other law firms , Cravath, Swaine & Moore 's so-called " Cravath System " historically expected associate lawyers to achieve partner status within ten years of being hired or to leave the firm.