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Pacta sunt servanda meets the market: enforcing promises in Spanish and United States law
Shael Herman  * 

I. Preface

II. Values Underlying Spanish Preference for Performance Over Damages  1 

1. Effect of the Victim's Option to Seek Performance or Damages from the Breaching Party
2. Spanish Doctrine Favors Specific Performance (ejecución forzosa) over Damages (Resarcimiento)  7 
3. The Embargo  12 

III. A Spirit of Pragmatism Informs the United States Approach to Remedies for Contract Breach

1. Extrajudicial Constraints Condition Reflexes of American Merchants
2. American Judicial Attitudes Discourage Demands for Specific Performance
3. "Tough Love"  25  Therapy for a Stubborn Plaintiff
4. Other Deterrents to Demands for Specific Performance

IV. United States and Spanish Regulation of Specific Performance Compared (of Judgments, Embargos, Convergences, and Enforcement Weapons)

1. The Effects of a United States Judgment and a Spanish Judgment Compared
2. Are there Possible Convergences Between American and Spanish Approaches on Specific Performance?
3. In a Legal Duel Over a Contract Breach, Which Legal Actor Chooses the Enforcement Weapon?

V. Conclusion

Endnotes

Endnotes

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Title:

Pacta sunt servanda meets the market - enforcing promises in Spanish and United States law

Creator:

M. Shael Herman

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Copyright: CISG Database, Pace Institute of International Commercial Law. Published in Santiago Espiau Espiau and Antoni Vaquer Aloy eds., Bases de un Derechop Contractual Europeo, Tirant lo blanch: Valencia (2003) 339-458. Reproduced with permission of the author.

Date:

2003

Date available:

2003-09-17

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SiSU on behalf of CISG Database, Pace Institute of International Commercial Law.

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pacta_sunt_servanda_meets_the_market_enforcing_promises_in_spanish_and_united_states_law.shael_herman.sst

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11301

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