LAW 7107 - Contracts I

A study of the fundamentals of contract law, including the common law, selected portions of the Restatement (Second) of Contracts, and selected portions of the Uniform Commercial Code. Areas of concentration include the bargaining process (offer and acceptance); consideration and other bases for enforcing promises; the Statute of Frauds; capacity to contract; policing the agreement; unenforceability on grounds of public policy; the parol evidence rule and other rules of contract interpretation; performance and nonperformance; remedies; excuses for nonperformance (including mistake, misrepresentation, duress, impracticability, and frustration of purpose); assignment and delegation; rights of third parties; and other topics. (Offered fall semester.) 3 credits