Lower Level in categories: Business, Business Law, Accounting, Management, or Paralegal Studies
Welcome to Lawshelf’s video-course
on the basics of contract law. This is an introductory level course and no
prior knowledge of law or contracts is required.
This course is a survey of
basic contract law across a variety of areas. The first three modules cover the
nature of contracts and the basic building blocks of contracts: offer,
acceptance and consideration. The nuances of each element are considered, and
the course focuses on rules such as the mirror image rule, the mailbox rule,
mutuality of consideration and promissory estoppel. We also focus on the
Uniform Commercial Code and its rules for contracts for the sale of goods.
In Module 4, we cover contract
defenses, which allow contracts to be unenforceable despite the building blocks
of the contract being in place. Defenses include illegality, incapacity,
duress, unconscionability, undue influence, mistake and fraud. We will also
look at the statute of frauds, which requires certain contracts to be in
writing to be enforceable.
Our final module covers
performance and breach, discussing when a contract has been breached and when
one party’s breach allows the other party to cease performance. The module also
covers contract remedies, which is the study of how contract damages are
measured and when specific performance, where the court orders someone to do
something, it an appropriate contracts remedy.
This course should give you an
understanding of how contract law works the tools to continue with more
advanced studies of more specific areas of contract and transactional law.
Best of luck and we welcome
your feedback.
CON-101: Basics of Contract Law