
Contract law is the foundation of business, employment, property and everyday life: every time you buy, sell, rent, hire or sign something, you are making a contract. This Contract Law course teaches American contract law (the common law, the Restatement (Second) of Contracts and the Uniform Commercial Code) in a clear, structured way, with more than two hours of short animated video lectures. You follow the life of a contract from the first offer to the last remedy: how a contract is formed, what makes it valid, what its terms mean, what happens when it is broken, and what a court can award. Each lecture takes four to five minutes, uses everyday examples (a baker, a restaurant owner, a used bicycle, a rented flat) and ends with a short recap. Every section ends with a quiz and a one-page downloadable rule sheet.
What you will learn: - offer and acceptance, consideration and promissory estoppel (contract formation),
- capacity, mistake, misrepresentation and fraud, duress and undue influence, illegality and public policy (valid contracts), - the Statute of Frauds, the parol evidence rule, interpretation, conditions and warranties, and the sale of goods under the UCC (contract terms),
- performance, material breach, anticipatory repudiation, impossibility, frustration and discharge (breach of contract), - expectation, reliance and restitution damages, foreseeability, mitigation, specific performance and injunctions (remedies for breach of contract),
- assignment, delegation, third-party beneficiaries and good faith, plus the IRAC method for answering exam questions and real problems. No background in law, business or administration is needed. The course is especially helpful for law students and exam candidates, for business owners and managers, and for students who are not native English speakers and are not yet familiar with common-law terminology: every key term is explained in plain words.
The course comes from The Law To Know, an educational project that explains the law in plain language for everyone. Please note: this course teaches the general rules of American contract law. The details differ from state to state, and nothing in this course is legal advice. For an actual dispute, consult a lawyer licensed in your state.
Disclosure on the use of AI: artificial intelligence was used in the creation of this course. AI tools helped to produce the lecture scripts, the narration and the animated videos, and the content was directed and approved by the instructor.