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Podcast: Law School
Episode: Contract Law Lecture One (of 3): Introduction
Description: Lecture 1
I. Introduction to Contract Law
Good morning! Welcome to our three-day deep dive into Contract Law. Over the next three sessions, we will examine every major aspect needed to pass a law school exam or bar exam question on contracts. Today, we’ll focus on the foundations of contract law, including formation (offer, acceptance, consideration) and defenses to enforceability.
A. Definition and Importance of Contracts
A contract is a legally enforceable agreement between two or more parties.
Contracts allow parties to confidently arrange transactions, plan for the future, an...