Ronald Coase, one of the pioneers of the field of law and economics and author of the most frequently cited law review article of all time, has died. He was 102.
In conjunction with the publication of Chapter 11 of Business Law Basics, a round-up of quotes about the U.S. Constitution:
The Delaware Senate has passed House Bill 126, amending the Delaware Limited Liability Company Act. The Delaware House of Representatives passed the bill on May 15.
When litigants wish to settle their dispute among themselves, even while they are on their way to appear before the Prætor, they shall have the right to make peace; and whatever agreement they enter into, it shall be considered just, and shall be confirmed.
For with law shall our land be built up and settled, and with lawlessness wasted and spoiled.
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes.
At the New York Times, a feature on the business law decisions of the current U.S. Supreme Court.