Contracts
Videos
Basic Contract Terminology
What is a Contract? (1:50)
Contracts can be oral or in writing. Learn what makes a contract.
Statutory and Common Law (2:52)
Contract law derives from explicit legislation and from courtroom precedence. Explore the two types of law that govern contracts.
Express vs Implied Contracts (2:56)
Contracts can be formed by parties exchanging words or by actions. Learn the different ways a contract can be formed
Executory vs Executed Contracts (1:58)
A key element of contracts is understanding whether or not the contract has been executed
Enforceable vs Valid Contracts (2:16)
Enforceability and validity are important for courts to uphold contracts.
Voidability of a Contract (5:41)
Certain contracts are voidable and are not valid.
Elements of Common Law Contracts
Requirements to Form a Contract (1:02)
Three essential elements are neccessary to form a contract: Offer, Acceptance, and Consideration.
What is an Offer? (2:41)
The Offer is the first step to contract formation.
Accepting an Offer (3:40)
Before a contract can be executed, the offer must be accepted.
Mirror Image Rule (3:37)
Parties must have the same understanding of a contract to have a meeting of the minds.
What is Consideration? (4:35)
Both parties must exchange something for a contract to be enforceable.
Mental Capacity to Contract (2:01)
Learn which parties are not permitted to enter contracts.
Enforceable Contract - Lawful Purpose & Public Policy (4:21)
Explore what makes a contract enforcement.
Mistake in Forming Contract (3:32)
A brief explanation of the effect of a mistake by either or both parties in forming a contract.
Statute of Frauds (4:05)
Learn the limitations of verbal contracts and when they must be in writing.
Duty of Performance (1:56)
Understand the obligations parties have under a contract.
Performance, Substantial Performance, and Breach (3:12)
Learn important performance concepts.
Discharge from Contract (1:47)
Learn the different ways a contract may come to an end.
Waiver or Release from a Contract (1:22)
Understand how parties can be waived or released from performing a contract.
Breach, Damages, and Remedies in Contract (5:32)
Learn the concept of breach of contract and the award of damages or other remedies provided by the courts.
Contract Remedies (5:18)
Explore the types of damages that a party may be responsible for as the result of a contract.