The Common Law of Contract Damages

The original assize judge, sir roger crompton, never recognized the notion that the common law adapts itself by a perpetual process of growth. According to the american judge and legal scholar richard posner, hadley and baxendale enshrined the principle that where a risk of loss is known to only one party to the contract, the other party is not liable for the loss if it occur. Thep is that baron alderson's reasoning illustrates very well how the common law evolves.