contracts

• primary sources of contract law - case law, statutes, legislation
• secondary sources of contract law - textbooks, cases and materials, academic journals
• contract def - an enforceable agreement or promise
• what makes it a contract is the legally binding nature of the agreement
• offeror - party making the offer
• offeree - part receiving the offer
• unilateral contract - one sided contract - offeror makes a promise ion exchange for performance
• bilateral - double sided - both parties exchange promises to perform
• anyone who has legal capacity can enter into a contract
• freedom of contract - person freedom to enter into a legally binding contract
• freedom from contract - no one should be compelled to contract
• valid agreements may be created in many ways - verbal - written - through conduct