3 ms·
The right to be held to your side of the bargain is perhaps not immediately obvious as an important right, but there's a decent bit that has been written on the
by slavik81 8y ago
The right to be held to your side of the bargain is perhaps not immediately obvious as an important right, but there's a decent bit that has been written on the topic. For example:
"Among the legal privileges of corporations, two that are mentioned in textbooks are the right to sue and the "right" to be sued. Who wants to be sued! But the right to be sued is the power to make a promise: to borrow money, to enter a contract, to do business with someone who might be damaged. If suit does arise, the "right" seems a liability in retrospect; beforehand it was a prerequisite to doing business." ~ Thomas Schelling, The Strategy of Conflict