Author Archives: F. E. Guerra-Pujol
The problem of time cost
With apologies to the late Ronald Coase. I teach at UCF (Go Knights!) but live across town, too far to bike to campus, so to avoid paying for on-campus parking, here is where I usually park off-campus: If the weather … Continue reading
Solving the breaking bad problem (part 4)
I presented a common law solution to the so-called “breaking bad problem” in my previous post, where I drew a distinction between void and voidable illicit promises, depending on the location of the harm generated by such promises. Here, I … Continue reading
Solving the breaking bad problem (part 3)
Thus far, we have surveyed the work of moral theorists to solve the breaking bad problem, i.e. to figure out what the moral status of an illicit promise is. What if we were to take a different approach, however, one … Continue reading
Solving the breaking bad problem (part 2)
In my previous post, I described one possible solution to the breaking bad problem: deny that an immoral promise is a promise. I also explained why such a philosophical solution does not work. Why not? Because a promise is a … Continue reading
Solving the breaking bad problem (part 1)
In my previous post I explained why illicit promises generate a moral paradox: promises are supposed to be morally binding, but what about a promise to perform an illegal or immoral act? Broadly speaking, moral philosophers have offered two plausible escape … Continue reading
Illicit promises as moral antinomies
Illicit promises–like a promise to obstruct justice or Shylock’s pound-of-flesh pact in The Merchant of Venice or the usurious loan agreement at the center of the Buckeye Check Cashing case or the other examples in our previous post–pose a contradiction … Continue reading
High-profile illicit promises
Let’s resume our legal and moral analyses of illicit promises, shall we? Why are such promises worth studying? Although the idea of an illicit promise may sound esoteric, exotic even, such promises are not infrequent, especially given the increase in … Continue reading
Preview of Charles Fried’s contracts course
I am interrupting my series of blog posts on “illicit promises” to share with you this short video (see below) featuring Charles Fried, who has taught contract law at Harvard Law School for many years. Professor Fried put together an … Continue reading
Usurious payday loans (continued)
In my previous post, I restated the facts in the Buckeye Check Cashing case. A consumer was challenging the legality of his payday loans under state law, but the loan documents he signed contained a mandatory arbitration clause. So, how … Continue reading
The law and ethics of usurious payday loans
I have been blogging off and on about so-called “illicit promises”–defined broadly as solemn promises to commit immoral or illegal acts. In a previous post, for example, we revisited one of the most famous fictional illicit promises of all time: … Continue reading

