Contract Basics

What you’ll learn to do: list and explain the essential elements of a valid contract, describe how a contract can fail, and summarize the remedies available for breach of contract

In this section you’ll see the binding nature of contracts and discover what steps are taken if a contract is breached.


The learning activities for this section include:

  • Reading: Contract Formation
  • Reading: Remedies
  • Reading: Remedies in General
  • Reading: Limitations on Contract Remedies

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.