A corporation is not a contract. It is a state-created entity. It has legal personhood with the
right to form contracts, suffer liability for torts, and (as the Supreme Court recently decided) …

Firms are bundles of unruly phenomena. They entail not just production, but production by
groups of people. Therefore, theories designed to contain and regularize the appearance of …

The Conception That the Corporation is a Nexus of Contracts, and the Dual Nature of the
Firm Melvin A. Eisenberg* Page 1 The Conception That the Corporation is a Nexus of …

As one commentator wrote in 1989," lc] ritics and advocates agree that a revolution, under
the banner'nexus of contracts,'has in the last decade swept the legal theory of the …

Critics and advocates agree that a revolution, under the banner" nexus of contracts," has in
the last decade swept the legal theory of the corporation. Though the revolution has …

Scholars routinely credit RH Coase and his first seminal work-The Nature of the Firm'-as the
progenitor of the nexus-of-contracts theory of the corporation. 2 This account, which has …

It has become standard in the law and economics literature to refer to the corporation as a"
nexus of contracts."'On this view, the corpo-rate entity is nothing more than a gathering point …

McChesney mistakes his own normative views on that question for posi-tive facts. For
example, Professor McChesney thinks that the corporation-in-fact is a"'nexus of contracts.'" 6 …

"[T] heories about'what corporations are,'" writes Professor David Millón," influence thinking
about how the law should treat corporate activity." 1 What, then, are corporations? Millón …

T HE case of Coombes v. Getz, recently decided by the Uni States Supreme Court, raises in
a crucial way the question of w is a contract within the meaning of Article I, section 10 of the …