Contracts


Videos

Basic Contract Terminology

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What is a Contract? (1:50)

Contracts can be oral or in writing. Learn what makes a contract.

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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.

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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

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Executory vs Executed Contracts (1:58)

A key element of contracts is understanding whether or not the contract has been executed

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Enforceable vs Valid Contracts (2:16)

Enforceability and validity are important for courts to uphold contracts.

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Voidability of a Contract (5:41)

Certain contracts are voidable and are not valid.

Elements of Common Law Contracts

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Requirements to Form a Contract (1:02)

Three essential elements are neccessary to form a contract: Offer, Acceptance, and Consideration.

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What is an Offer? (2:41)

The Offer is the first step to contract formation.

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Accepting an Offer (3:40)

Before a contract can be executed, the offer must be accepted.

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Mirror Image Rule (3:37)

Parties must have the same understanding of a contract to have a meeting of the minds.

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What is Consideration? (4:35)

Both parties must exchange something for a contract to be enforceable.

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Mental Capacity to Contract (2:01)

Learn which parties are not permitted to enter contracts.

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Enforceable Contract - Lawful Purpose & Public Policy (4:21)

Explore what makes a contract enforcement.

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Mistake in Forming Contract (3:32)

A brief explanation of the effect of a mistake by either or both parties in forming a contract.

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Statute of Frauds (4:05)

Learn the limitations of verbal contracts and when they must be in writing.

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Duty of Performance (1:56)

Understand the obligations parties have under a contract.

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Performance, Substantial Performance, and Breach (3:12)

Learn important performance concepts.

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Discharge from Contract (1:47)

Learn the different ways a contract may come to an end.

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Waiver or Release from a Contract (1:22)

Understand how parties can be waived or released from performing a contract.

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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.

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Contract Remedies (5:18)

Explore the types of damages that a party may be responsible for as the result of a contract.