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Recent documents in DigitalCommons@Pace
Updated: 4 hours 44 min ago

Measuring Brief

Thu, 03/12/2015 - 16:25
Categories: Books

Measuring Brief

Thu, 03/12/2015 - 16:25
Categories: Books

Measuring Brief

Thu, 03/12/2015 - 16:25
Categories: Books

2014 Bench Memorandum

Thu, 03/12/2015 - 16:25
Categories: Books

Greenwashing and Self-Declared Seafood Ecolabels

Tue, 03/10/2015 - 16:15

The credibility and veracity of an environmental claim depends on a high degree of transparency, clarity, and trust. Businesses that utilize ecolabels to market the environmental performance of their seafood products often turn to third-party certifications to minimize the potential for greenwashing and provide a level of verification and independence. Others rely on a riskier approach by developing their own self-declared or first-party ecolabels. Seafood retailers and suppliers considering the creation and use of an ecolabel, certification, or seal to be used in the marketing of seafood products should ensure compliance with applicable Food and Drug Administration and United States Department of Agriculture labeling rules. Furthermore, entities pursuing self-declared or first-party seafood ecolabels should consult the Federal Trade Commission's Green Guides, closely follow developments in greenwashing litigation under federal and state consumer protection and unfair competition laws, and heed the early advice of legal experts in the field.

Categories: Books

Contesting Disclaimer-of-Reliance Clauses by Efficiency, Free Will, and Conscience: Staving Off Caveat Emptor

Tue, 03/10/2015 - 16:11

This Article hopes to make evident two trends seemingly in conflict. The first trend is toward raising the standards of probity and veridicality in contractual relations toward greater accountability and liability on market actors operating outside traditional bounds. The first is expressed by new rules that: require good faith and fair dealing between parties; ensure sellers are obligated to disclose material facts about a property otherwise unavailable to buyers; and make wrongdoing parties liable to non-parties who foreseeably relied on the wrongdoers' contractual undertakings. This trend promises to avert injury, achieve efficiency, and seems to accord with society's evolving notions of fairness.

The second trend, exemplified in Teers, counters the first. Because humans are innately self-interested, entrepreneurs (and rascals) have devised techniques to avoid these new levels and kinds of exposure to potential liability for non-disclosure and to non-parties. They have employed market and contract strategies that purport to shift to the other party the onus of uncovering the truth--which might be buried under layers of misrepresentations and that limit non-parties' right to rely on contract promises. The effect is to enable a market actor to contract away liability for intentional wrongdoing by the simple expedients of “as is” and “disclaimer-of-reliance” clauses--the result in Teers. This is troubling in a number of respects. First, the clauses undercut the fundamental character of enforceable contracts being the product of free will. Indeed, the first requirement of contract formation is a meeting of minds. Fraud, ostensibly camouflaged by disclaimers, negates the unknowing party's free will. Second, such liability-avoidance techniques, although ostensibly consistent with the contracting parties' free will, disturb the markets because of the externalities. Absent the truth about the quality or condition of the property, buyers enter into transactions, or pay too much for property unsuitable, or useless, for its intended purpose. Undisclosed defects present the potential for injury to third parties. A buyer's costs of inspection and discovery are greater than a seller's costs of disclosure. Lastly, the exploitative use of these clauses disturbs our sensibilities, offends the law's conscience, and debases not just the parties, but society at large.

Courts' responses to these opportunistic maneuvers have been disparate. Some courts enforce the clauses without much hesitation, focusing on the venerable values of freedom and certainty of contract, chastising buyers for their gullibility. Others categorically outlaw the clauses, expressing consternation at conduct that seems abjectly fraudulent and exploitative. Yet others appear to be inclined to uphold agreements that are freely entered into, although these courts take a case-by-case approach, making fine distinctions based on subtleties in the clause's language, which might allow an injured party relief. These trends must be examined in context, historical and contemporary, to determine whether they reveal a rational response to the self-interested choices of contract participants and whether these responses must be bolstered to ensure that responsibility for unrealized expectations or harm is fairly allocated among the parties. In the end, this Article proposes that disclaimer-of-reliance clauses should be presumptively unenforceable, as they offend current market morality and public policy.

Part II will trace the evolution of thought on market transactions and contracting. Part III discusses the shift in thinking about contract. Part IV reviews limits on contracting imposed by law and policy. Part V discusses the imperative of the law's conscience, outlining a framework for evaluating disclaimer-of-reliance clauses. This Article ends with conclusions and comments on how legal relations have, and must, change in the interests of fairness and efficiency in real estate markets.

Categories: Books

An Environmental Understanding of the Local Land Use System

Tue, 03/10/2015 - 13:25

This Article is adapted from Chapter Three of John R. Nolon, Protecting the Environment Through Land Use Law: Standing Ground, published in 2014 by ELI Press. The book updates and expands on the author’s previous work, describing in detail how localities are responding to new challenges, including the imperative that they adapt to and help mitigate climate change and create sustainable neighborhoods. This Article outlines a comprehensive framework for understanding how traditional local land use authority can be used to preserve natural resources and environmental functions at the community level.

Categories: Books

China and India: Globalization with Different Paths

Tue, 03/03/2015 - 10:45

This occasional paper has three essays written by professors from Pace University and Nanjing Normal University that address a host of structural challenges facing China and India in pursuit of sustainable development in the early twenty-first century. Pan Zhen gives a critical overview of China’s economic policies, and finds the top-down development model to be fraught with tensions. Joseph Tse-Hei Lee argues that the ability of China to pursue sustainable growth and social betterment is largely contingent upon many circumstantial factors, especially the negative attributes of globalization and the rise of domestic discontents. Satish K. Kolluri shifts the focus of discussion to the electoral victory of Narendra Modi in India, and examines the implications of the rise of Modi in domestic and regional politics. These essays throw light on the political and socioeconomic trajectories of China and India. Since both countries have significantly liberalized their economies in recent decades, the unprecedented expansion of their capabilities and influences is a complex phenomenon, rooted in the context of particular temporal and spatial settings, and the need to accommodate endogenous and exogenous forces of change.

Categories: Books