LRS Learning Course

Contract Law 101

Learn contract law in plain English, test your understanding, and watch your mastery improve topic by topic.

Learn the contract lifecycle, sources of law, classifications, and the elements of enforceability.

Identify definite proposals, preliminary negotiations, advertisements, options, revocation, and lapse.

Learn acceptance by promise, performance, conduct, electronic assent, and the battle of the forms.

Understand bargained-for exchange, preexisting duties, illusory promises, modifications, and promissory estoppel.

Recognize minority, mental incapacity, illegality, misrepresentation, mistake, duress, undue influence, and unconscionability.

Learn the Statute of Frauds, electronic signatures, integration, parol evidence, modification, and waiver.

Read contract architecture, distinguish promises from conditions, and apply interpretation tools.

Distinguish material breach, substantial performance, perfect tender, repudiation, excuse, and discharge.

Measure expectation, reliance, restitution, consequential loss, liquidated damages, and equitable remedies.

Apply UCC Article 2 to merchants, formation, delivery, risk of loss, acceptance, rejection, and warranties.