Contract Law
What Is A Contract?, Sources Of Contract Law: The Statute Of Frauds, The Uniform Commercial Code
Classification of Contracts
For purposes of analysis, legal scholars have classified contracts in many different ways. The most common classifications of contracts include: "express" and "implied" contracts; "void" and "voidable" contracts; and "enforceable" and "unenforceable" contracts.
Validity of Contracts
Several requirements must be met for a contract to be valid and legally binding. The agreement must specifically define the terms under which the promise can be considered fulfilled by both parties. In addition, the agreement must prescribe remedies for conditions unfulfilled by one of the parties involved. The essential feature defining these requirements are: "capacity," "mutual assent," and "consideration."
Further Readings
- Burnham, William. Introduction to the Law and Legal System of the United States. St. Paul, MN: West, 1995.
- Calamari, John D. and Joseph M. Perillo. The Law of Contracts. 3rd ed. St. Paul, MN: West, 1987.
- Murray, John Edward. Murray on Contracts. 3rd ed. Charlottesville, VA: Michie Co., 1990.
Additional topics
- Criminal Law - Categories Of Criminal Conduct, Elements Of A Crime: Mens Rea And Actus Reus, Defenses
- Consumer Protection - History, The Uniform Commercial Code, Product Safety, Truthful Advertising
- Contract Law - What Is A Contract?
- Contract Law - Sources Of Contract Law: The Statute Of Frauds
- Contract Law - The Uniform Commercial Code
- Contract Law - Express And Implied Contracts
- Contract Law - Void And Voidable Contracts
- Contract Law - Enforceable And Unenforceable Contracts
- Contract Law - Capacity
- Contract Law - Mutual Assent
- Contract Law - Consideration
- Contract Law - Interpretation Of Contracts
- Contract Law - Enforcement Of Contracts
- Other Free Encyclopedias
Law Library - American Law and Legal InformationGreat American Court Cases