Introduction to Contracts

Introduction to Contracts

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? 

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12 of 14: Contracts: King of the Common Law [No. 86]

The common law provides a structure for people in society to freely engage in individual and collective activities. Professor Todd Zywicki explains why contracts are an essential basis for how the common law operates. Contractual arrangements allow p ... The common law provides a structure for people in society to freely engage in individual and collective activities. Professor Todd Zywicki explains why contracts are an essential basis for how the common law operates. Contractual arrangements allow people to confidently engage in transactions and to plan for the future with some degree of certainty, allowing society and the economy to develop in new and productive ways.

Professor Todd J. Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia Law School, and Research Fellow at the GMU Law & Economics Center.

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

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