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Ch 11: Contracts: Scopes and Meanings

About This Chapter

Watch video lessons, and learn about the different aspects of the scopes and meanings in contracts. Take the quizzes that follow each lesson to test your knowledge of these business law concepts.

Contracts: Scopes and Meanings - Chapter Summary and Learning Objectives

The law can be a pretty confusing topic, but when you find yourself in the middle of a legal situation, it is helpful to have a little understanding of how things work. In this chapter, we are covering contract law, so you can better understand the terms, conditions and rules concerning contracts. Specifically, lessons will cover the scopes and meanings of contracts. You will learn a wide range of vocabulary terms related to this area of law. Our lessons will also cover specific contract rules about areas like construction and interpretation. Some of the specific topics covered in these lessons include:

  • Implied terms you may find in a contract
  • The parol evidence rule and how it relates to contracts
  • The three forms of conditions in a contract
  • Ways contract conditions can be excused

VideoObjective
Certainty of Terms: Definition and Terminology Study the definition of 'definite and certain.'
Rules of Construction and Interpretation in Law Examine how courts determine the parties' intent.
Implied Terms in a Contract: Definition & Explanation Discover why and when courts will imply certain terms to clarify a contract.
Parol Evidence Rule: Definition, Examples & Purpose Explore the definition of the rule and its purpose.
Conditions in Contracts: Definition & Forms Analyze the three forms of conditions.
How Contract Conditions are Excused Take a look at ways a condition is excused.

6 Lessons in Chapter 11: Contracts: Scopes and Meanings
Certainty of Terms: Definition and Terminology

1. Certainty of Terms: Definition and Terminology

In order to form a legally binding contract, you must first have a valid offer. A valid offer must contain definite and certain terms. This lesson discusses the key requirements of a valid offer.

Rules of Construction and Interpretation in Law

2. Rules of Construction and Interpretation in Law

Sometimes a contract dispute will end up in court. A court must examine and interpret the contract in order to determine what the parties intended. This lesson explores how courts determine the parties' intent.

Implied Terms in a Contract: Definition & Explanation

3. Implied Terms in a Contract: Definition & Explanation

Sometimes a contract dispute will end up in court. A court must examine and interpret the contract. Often, a court will imply certain terms in order to clarify the contract. This lesson explores the use of implied terms.

Parol Evidence Rule: Definition, Examples & Purpose

4. Parol Evidence Rule: Definition, Examples & Purpose

Often, a court will rule that a written contract represents the entire agreement between the parties. Other contract evidence won't be permitted or enforced. This is called the parol evidence rule. This lesson explains the rule and how it works.

Conditions in Contracts: Definition & Forms

5. Conditions in Contracts: Definition & Forms

The conditions of a contract determine the parties' obligations. A condition is an act or an event that affects the parties' contractual duties. There are three different forms of contract conditions. This lesson explores each of those conditions.

How Contract Conditions are Excused

6. How Contract Conditions are Excused

A contract condition is an act or an event that affects the parties' contractual duties. A condition determines the parties' obligations, but sometimes a condition can be excused. This lesson explains the different ways that a contract condition can be excused.

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