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CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES

CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES. CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES. Learning Objectives: Introduction to the Law of Contracts Classifications of Contracts Terminology Damages Equitable Remedies. INTRODUCTION TO THE LAW OF CONTRACTS.

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CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES

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  1. CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES

  2. CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES Learning Objectives: Introduction to the Law of Contracts Classifications of Contracts Terminology Damages Equitable Remedies Chapter 13

  3. INTRODUCTION TO THE LAW OF CONTRACTS • Definition: promises that are enforceable in court. • Elements of a Contract: • Mutual Assent • Consideration • Legal Capacity • Legal Subject Matter • Sources of Contract Law Chapter 13

  4. CLASSIFIATION • Form • Bilateral Contracts • Unilateral Contracts • Express and Implied-in-Fact Contracts • Implied-in-Law Contracts (Quasi-contracts) Chapter 13

  5. TERMINOLOGY • Enforcement Terminology • Valid • Void • Voidable • Performance Terminology • Executed • Executory Chapter 13

  6. LEGAL REMEDIES: DAMAGES • Nominal • Compensatory • Requirements • Duty to Mitigate • Consequential • Punitive • Liquidated Damages Clause Chapter 13

  7. EQUITABLE REMEDIES • Specific Performance • Rescission • Restitution Chapter 13

  8. CHAPTER 13: INTRODUCTION TO CONTRACTS AND REMEDIES

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