Term Papers: summarizing Cunningham’s book and discussing the ethical foundations for why parties perform their contracts in American law.
Read and understand the central message of the supplemental text for the course: Lawrence Cunningham, Contracts in the Real World: Stories of Popular Contracts and Why They Matter. Begin your paper by summarizing Cunningham’s book and discussing the ethical foundations for why parties perform their contracts in American law.
Build on the Cunningham book by doing additional research on the legal and ethical justifications for why someone should continue to perform a contract when conditions change following contract formation.
In other words, parties often form contracts assuming that the conditions of their lives, businesses, etc. will stay the same in the future. For instance, when you buy a house, you have a job that allows you to make the monthly mortgage payment. Most of us presume that we will always have a job. But what if conditions change? What if you lose your job? Does that change in conditions allow you to legally or ethically stop performing the contract? Why or why not? Does your answer hold true for all changes in conditions? Are there some changes in conditions that are so
