Contracts

5 credits · Undergraduate Programs

A legal and policy analysis of the basic principles and fundamental concepts of the law of contracts as they relate to commercial and consumer transactions. The formation of contracts including offer and acceptance and, consideration; estoppel; privity; terms of contract, including exemption clauses; standard form contracts; bailment; mistake, misrepresentation and unconscionability; termination, including the doctrine of frustration; breach and remedies for breach; dispute resolution processes. Emphasis is placed not only on a knowledge of rules and principles, their historical derivation, rationale, efficacy and social validity, but also upon their creative use to both avoid and resolve disputes.