Introduction to Contracts

Abstract: A reference text provides comprehensive coverage of US contract law for college business majors, law students, and managers. Case opinion excerpts are integrated into the discussion of legal principles and brief introductions to the cases are provided to aid readers in understanding their procedural context. Case questions following the excerpts reinforce the main points of the case. Topics include: the offer and acceptance aspects of the bargaining process; the mutality of obligation joined by both parties in a contract; the concept and legality of genuine assent; the legal capacity required to contract; aspects of illegality; the legal form of contracts; the right of third parties; judgements concerning at what point contractual obligations are fully discharged; legal remedies to enforce contractural promises; the current status of the impact of contract law on commercial practice; and the complexity of contract law issues which sometimes arise in contractual disputes. (wz).