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Sometimes performance of a contractual obligation may be contingent upon the occurrence of a condition. Including conditions in contracts or contract law may also help regulate when performance is due. There are distinct types of conditions: - Concurrent conditions, - Conditions precedent - Conditions subsequent Check out our courses and and content at buslawinst.thinkific.com/

Non-performance by one of the parties to a contract amounts to a breach of the contract. While this is of course true in most cases, there are certain exceptions to the general rule. Namely, it is possible that non-performance is not the fault of a party but rather based on a change in circumstances. This refers to three specific grounds which, if present, may excuse a party’s failure to perfor...

Normally, parties to a contract are bound by and have certain duties under their agreement. First and foremost, this includes the central duty to perform their obligations in good faith according to the terms of the contract. But if performance is not according to the contractual terms, then there is a breach of contract. In this video, we look at what constitutes breach in contract law and wha...

Although a valid contract may have been formed through offer, acceptance and consideration, it would still be possible for one party to raise a contractual defense. If successful, the defense will block enforcement of the contract. It is however up to the parties to raise any defense that they believe apply. If they choose not to raise the defense or neglect to do so, then the contract remains ...

Although a valid contract may have been formed through offer, acceptance and consideration, it would still be possible for one party to raise a contractual defense. If successful, the defense will block enforcement of the contract. It is however up to the parties to raise any defense that they believe apply. If they choose not to raise the defense or neglect to do so, then the contract remains ...

Although a valid contract may have been formed through offer, acceptance and consideration, it would still be possible for one party to raise a contractual defense. If successful, the defense will block enforcement of the contract. It is however up to the parties to raise any defense that they believe apply. If they choose not to raise the defense or neglect to do so, then the contract remains ...

Based on public policy considerations, only legal contracts or legal contractual provisions can be enforced. There is no remedy to enforce illegal contractual agreements. Here, we look at what makes a contract illegal or void, and what the consequences are in these cases. Check out our courses and and content at buslawinst.thinkific.com/

The basic presumption in contract law is that anybody can enter into a contract. However, certain individuals may not have the ability to fully understand the nature of their obligations that flow from a contract. Therefore, the law protects certain societal groups by avoiding situations where they become bound by contract. This is the issue of legal capacity. Check out our courses and and cont...

The case of Hamer v. Sidway nicely illustrates the contract law concept of consideration. It involves a conversation between an uncle and his nephew, with the uncle promising to give his nephew $5,000 if the nephew would abstain from drinking alcohol, using tobacco, swearing, and playing cards or billiards for money until he reached 21 years of age. The issue for the court to decide was whether...

Leonard v. Pepsico - now featured on Netflix - is also known as the Pepsi Points Case. It is a case tried in the United States District Court for the Southern District of New York in 1999. It is an entertaining, and somewhat curious, illustration of certain aspects of the rules surrounding contractual offers. Check out our courses and and content at buslawinst.thinkific.com/

A core requirement for the formation of a contract in the US, UK, and other common law jurisdictions is the concept of ‘consideration’. Consideration is provided if something of legal value is bargained for and exchanged between the parties. That is, each side to a contract needs to provide consideration. Consideration is one of the key concepts of contract law. It is an essential element neede...

The video discussed selected formal requirements for contracts, including the statute of frauds (requiring written contracts) and the parol evidence rule (concerning oral statements made by parties to a contract). Check out our courses and and content at buslawinst.thinkific.com/

The existence of an agreement is an essential basis and precondition of a contract. We examine in this video the individual elements of “agreement”, focusing on the element of acceptance, including the mailbox rule and the mirror image rule of contract law doctrine. Check out our courses and and content at buslawinst.thinkific.com/

The existence of an agreement is an essential basis and precondition of a contract. We examine in this video the individual elements of “agreement”, focusing on the offer duration. Check out our courses and and content at buslawinst.thinkific.com/

Offer, Acceptance, and Agreement in Contract Law Explained - Part I: The Offer

Lucy v Zehmer • Case Brief Summary (Outline)

Contract Interpretation: The Objective Theory or Objective Test of Contracts

Hoffman v Red Owl Stores, Inc. • Case Brief Summary (Outline)

Sources of Contract Law

What is a Contract and Why Do We Need Contract Law?

Contract Law Remedies for Breach: Damages (Compensatory, Incidental, Consequential)

Contract Law Remedies for Breach: Equitable Remedies

Types of Contracts • Different Contracts Explained

Defenses in Contract Law • Part IV: Undue Influence and Duress

Unfair Terms in Contract Law | Unfair Contract Terms

Federal vs State Jurisdiction in the US

Court Jurisdiction in the United States

Legal Terms and Terminology

The UK Court System Explained | How the UK Court System Works