Omri Ben-Shahar on the "No Contract" Assurance
1,507 views · Published 22 May 2012 · 53:23 · Indexed 27 October 2026
Channel: The University of Chicago · 2012 · Education
Omri Ben-Shahar, Professor of Law at the University of Chicago Law School and Kearney Director of the University of Chicago Institute for Law and Economics, discusses the place of "No Contract" assurances in the broader context of consumer protection and his ongoing work on the failings and promises of consumer law. "No Contract" is a popular type of consumer transaction through which businesses lure consumers with the "no contract" assurance—a promise that the consumer can walk away any time, without any commitment. This scheme is increasingly common in cable and phone services, health clubs, security services, and other transactions that used to require minimum duration. Ben-Shahar answers the questions: - What is a "No Contract" contract? - What does the misnomer "No Contract" intend to signal to consumers? - What effects does the "No Contract" arrangement have on other elements of the transaction? - What do consumers have to give up in order to enjoy the "No Contract" guarantee? - Is it overall good for consumers? This event is sponsored by the University of Chicago Law School. March 27, 2012 ➡ Subscribe: http://bit.ly/UCHICAGOytSubscribe About #UChicago: Since its founding in 1890, the University of Chicago has been a destination for rigorous inquiry and field-defining research. This transformative academic experience empowers students and scholars to challenge conventional thinking in pursuit of original ideas. #UChicago on the Web: Home: http://bit.ly/UCHICAGO-homepage News: http://bit.ly/UCHICAGO-news Facebook: http://bit.ly/UCHICAGO-FB Twitter: http://bit.ly/UCHICAGO-TW Instagram: http://bit.ly/UCHICAGO-IG University of Chicago on YouTube: https://www.youtube.com/uchicago *** ACCESSIBILITY: If you experience any technical difficulties with this video or would like to make an accessibility-related request, please email [email protected].
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