Total run time:
1h 24m
This No. 86 course presents the foundational concepts of Contract Law with concise explanations and clear examples. Why does society need contracts? What makes a contract legally binding? Are there a finite number of contract types? What different theories do scholars use to explain contractual obligations?
Leading scholars also discuss important theoretical questions - does there have to be a moral basis for contract law? What is the classical theory of contracts? What is the difference between “contract as promise” versus “contract as consent”?
This series is accessible to students, practitioners, and anyone interested in learning more about how contracts work and why we need them.
Total run time:
1h 24m
Course:
Contracts
Total videos:
27
Difficulty:
First Year
This module covers some basic concepts in Contract Law. What are the necessary parts of a contract? When might a contract be unenforceable? What role do contracts play in a common law system? How do contracts help individuals and society develop products and services that would otherwise be too difficult?
What types of contracts did the Romans utilize? Professor Richard Epstein explains basic Roman contracts, and specific types such as those governing partnerships and wills. He also contrasts Roman contractual standards to modern “reasonableness” standards used to interpret contracts.
What kinds of agreements are covered by the law of contracts? Professor Richard Epstein of NYU School of Law gives a basic definition, then goes through a variety of transactions, from simple to complex, where contracts with increasing degrees of formality are used. What role do contracts play in the greater social order? What net benefits do they have? Watch to learn more.