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Ch 27: Essentials of Contract Law

About This Chapter

Review the basics of contract law with these convenient, mobile-friendly lessons. These lessons can help you get ready for upcoming exams, catch up on information you missed in class, complete homework assignments or strengthen your overall business knowledge.

Essentials of Contract Law - Chapter Summary

Learn the basics of contract law with these bite-size and informative business lessons. The chapter helps you identify different types of contracts and understand what legally occurs when those contracts are broken. After completing each lesson, try the accompanying lesson quiz to make sure you fully understand the contract law definitions and concepts you've learned. The chapter can be completed at your own pace, and you can study the lessons on any desktop, laptop, tablet or smartphone. After completing the chapter, you should be able to:

  • Differentiate between contract types and understand the purpose of contract law
  • Explain breach of contract and evaluate partial, material and total breaches
  • Summarize the Uniform Commercial Code's Article 2 requirements

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