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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2 of 14: How Do Transactions Improve Societal Value? [No. 86]

Contracts enable transactions between different parties who may or may not know each other. Why is it good for society that these transactions take place? Professor Seth Oranburg discusses how the overall value of items and services improves because ... Contracts enable transactions between different parties who may or may not know each other. Why is it good for society that these transactions take place? Professor Seth Oranburg discusses how the overall value of items and services improves because of the possibility that people can confidently exchange them.

Seth Oranburg is Associate Professor of Law at Duquesne University School of Law.

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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