The Law of Contracts

The Law of 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.  He also discusses the role the law of contracts plays in the greater social order - it allows people to use their specific skills in a more optimal way, creating a net benefit for society.

 

Play the next video in the series?

Watch Now

9 of 11: Dealing with third party interests in contracts: Assignment & third-party beneficiaries [No. 86]

What creates third-party interest in a contract, and when is that interest binding? Professor Richard Epstein of NYU School of Law lays out two key ways that third-party interest is created: assignment and third-party beneficiary, and explains how an ... What creates third-party interest in a contract, and when is that interest binding? Professor Richard Epstein of NYU School of Law lays out two key ways that third-party interest is created: assignment and third-party beneficiary, and explains how and when they are binding and when they are not.

Professor Epstein is the inaugural Laurence A. Tisch Professor of Law at NYU School of Law, a Senior Fellow at the Hoover Institution, and Professor of Law Emeritus and a senior lecturer at the University of Chicago.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Subscribe to the series’ playlist: https://www.youtube.com/playlist?list=PLWwcngsYgoUX3i5tMPI9kDQtoLuOXCsN_

RELATED LINKS

Richard Epstein, Notice and Freedom of Contract in the Law of Servitudes Comments
https://www.youtube.com/playlist?list=PLWwcngsYgoUX3i5tMPI9kDQtoLuOXCsN_

David M. Summers, Third Party Beneficiaries and the Restatement (Second) of Contracts
https://www.youtube.com/playlist?list=PLWwcngsYgoUX3i5tMPI9kDQtoLuOXCsN_

Contract Law: The Rules of Third Party Beneficiaries Enforcing an Agreement
https://www.youtube.com/playlist?list=PLWwcngsYgoUX3i5tMPI9kDQtoLuOXCsN_

CaseBriefs, Lawrence v. Fox
https://www.youtube.com/playlist?list=PLWwcngsYgoUX3i5tMPI9kDQtoLuOXCsN_