Contracts I

Catalog description

Contracts is the study of binding, voluntary, private agreements. Contract law determines when parties have made an enforceable agreement, when one party can escape or adjust the obligation to which it has agreed, and the consequences for breaching an agreement. Like Property and Torts, this is primarily a course in the common law, that is, judge-made law consisting of prior judicial decisions rather than legislation or agency regulations. However, significant attention is also given to Article II of the Uniform Commercial Code, a model statute governing the sale of goods which has been adopted in most states.