2min chapter

Planet Money cover image

Surprise, you just signed a contract! How hidden contracts took over the internet

Planet Money

CHAPTER

The Third Revolution in Contracts

Judge Easterbrook wrote that making people sign contracts before they bought software would return transactions to the horse and buggy age. Now if you had read them and you didn't like the terms, you could have brought the software back. Judge Easterbrook's compromise sets off the third revolution in contracts. Instead of looking at whether there was an offer that was accepted and the timing of when the contract was formed, we use a different standard: did the user manifest consent?

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