The Law of Contracts embodies the legal principles that govern enforceable bargains. Each day, human beings, business enterprises, non-profit groups, and other organizations enter into a countless number of agreements with others. Such parties may agree, for instance, to buy or sell goods, to hire or provide services, to lease property, to settle disputes, or to enter into some other transaction. Those agreements all involve promises -- to do one thing, or to forbear from doing something else.
The Law of Contracts is applied by courts to determine whether such promises are enforceable and, if so, what recourse is appropriate if a contractual promise has not been fulfilled. The Law of Contracts also guides parties, lawyers, and others who enter into such agreements, both before and after the contract's formation. The typical first-year Contracts class addresses and answers at least four general questions: (1) whether a contract was formed; (2) whether a contract (or term of a contract) is enforceable; (3) whether a breach of contract has occurred; and (4) what damages or other redress is available once a breach has occurred.
Law Preview's Top Study Aid Picks For Contracts . . .
- Wake Forest University School of Law
- University of Houston Law Center
- University of Virginia School of Law
- Emory University School of Law
- Stanford University Law School
- George Washington University Law School
- Rutgers The State University School of Law—Camden
- Pepperdine University School of Law
- Catholic University of America—Columbus School of Law
- University of California, Berkeley School of Law (Boalt Hall)
- University of Houston Law Center