Define contract.
Explain the origin of the law merchant.
Discuss the relationship between common law and the law merchant.
Identify the four elements of a contract.
Explain the objectives of contract law.
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Business Law with UCC Applications,13eThe Essentials of Contract LawChapter 7McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.Learning ObjectivesDefine contract.Explain the origin of the law merchant.Discuss the relationship between common law and the law merchant.Identify the four elements of a contract.Explain the objectives of contract law.Learning ObjectivesExplain the place of the UCC in contract law.Distinguish contracts from other agreements.Explain the role of privity and agency on contract law.List the contracts that must be in writing to be enforceable.List the characteristics of a contract.The Essentials of Contract LawThe History of Contract LawMercantile Law, Ancient Rome,Capitalism, and the Church The Characteristics of the Law Merchant The Law Merchant and Common LawThe Essentials of Contract LawMercantile Law, Ancient Rome, Capitalism, and the ChurchAgriculture, Technology, and PopulationThe Development of the Law MerchantThe Essentials of Contract LawThe Characteristics of the Law MerchantNeutrality of the Law MerchantUniversality and the Law MerchantMutuality and the Law MerchantInvolvement and the Law MerchantThe Essentials of Contract LawThe Law Merchant and the Common LawFair Courts and Staples CourtsAdmiralty Courts, Arbitration, and Statutory LawThe Essentials of Contract LawThe Multidimensional Nature of Contract LawThe Elements of a Contract The Objectives of Contract Law Multidimensional Principles of Contract LawThe Essentials of Contract LawThe Elements of a ContractMutual AssentConsiderationCapacityLegality The Essentials of Contract LawThe Objectives of Contract LawRehabilitation in Contract LawThe Payment DamagesRecovery Limits and Equitable ReliefThe Essentials of Contract LawMultidimensional Principles of Contract LawContracts and the Uniform Commercial CodeContracts and Other AgreementsContracts and PrivityContracts and Agency LawContracts and the Statute of FraudsExceptions to the Statutory RuleRules of InterpretationThe Essentials of Contract LawContractual Characteristics in Contract LawValid, Void, Voidable, and Unenforceable Contracts Unilateral and Bilateral Contracts Express and Implied Contracts Informal and Formal Contracts Executory and Executed ContractsThe Essentials of Contract LawExpress and Implied ContractsExpress ContractsImplied ContractsThe Essentials of Contract LawInformal and Formal ContractsInformal ContractsFormal ContractsContracts of Record
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