Document Type

Article

Publication Title

Duke Law Journal

Volume

55

Publication Date

2005

Keywords

good faith, disney, elkins, reader's digest, thaumatrope analytics

Abstract

This Article develops a theory of rhetoric in corporate law jurisprudence. It begins by examining a recent innovation in Delaware case law: the emerging principle of “good faith.” Good faith is an old notion in law generally, but it offers to bring significant change to corporate law, including realignment of the business judgment rule and a shift in the traditional balance between the authority of boards and the accountability of boards to courts. This Article argues, however, that good faith functions as a rhetorical device rather than a substantive standard. That is, it operates as a speech act, a performance, as opposed to a careful method of analysis.

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