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Contract Law: Definition, Sources, Types, Requirements, and Defenses - Prof. Joseph Solber, Study notes of Finance
An overview of contract law, including the definition, sources, types, requirements, and defenses. It covers common law and the uniform commercial code as sources of contract law. The function of contracts and their types, such as bilateral, unilateral, express, implied-in-fact, implied in law (quasi), executed, executory, valid, void, voidable, and unenforceable contracts, are discussed. The requirements of a contract, including agreement, consideration, capacity, and legality, are explained. Defenses to contract enforceability, such as mistake, fraud in the inducement, innocent misrepresentation, and undue influence, are also covered.
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