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84 Tul. L. Rev. 1437 (2009-2010)

handle is hein.journals/tulr84 and id is 1457 raw text is: TULANE LAW REVIEW VOL. 84 JUNE 2010 No. 6 The Origins of Sale: Some Lessons from the Romans James Gordley* I. THE ROMAN LAW OF SALE: Two MYSTERIES .......................... 1438 II. THE FIRST MYSTERY: WHY THE ROMANS RECOGNIZED SA LE ........................................................................................... 144 0 III. THE SECOND MYSTERY: WHY THE ROMANS STOPPED W HERETHEY D ID ...................................................................... 1450 A . B arter ................................................................................ 145 1 B . G eneric Sale ..................................................................... 1456 1. The Lost-Volume Seller ........................................... 1457 2. Drastic Change in the Market Price ........................ 1460 3. The Warranty Against Defects ................................ 1463 a. When Are Goods Defective? ...................... 1463 b. Liability for Delivering Defective Goods Versus Liability for Failing To D eliver ........................................................ 1465 c. C ure ............................................................ 1466 d. The Buyer's Remedy .................................. 1467 IV C ONCLUSION .............................................................................. 1470 * © 2010 James Gordley. WR. Irby Professor of Law, Tulane University School of Law. B.A. 1967, University of Chicago; M.B.A. 1968, University of Chicago; J.D. 1970, Harvard Law School. All translations are the author's. Versions of this Article were presented at the Max Planck Institute ftir Vergleichendes und Intemationales Privatrecht, Hamburg, the Tulane Law School, and the University of Chicago School of Law. I am grateful for the suggestions I received. 1437

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