Online Class: Contract Law 101 - An Introduction

In this course we will begin by examining contract basics by explaining what a contract is and the various contract types.

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  • 11
    Lessons
  • 13
    Exams &
    Assignments
  • 769
    Students
    have taken this course
  • 10
    Hours
    average time
  • 1.0
    CEUs
 
 
 

Course Description

Every day, you interact with the world of contracts. Whether it's the simple act of buying a cup of coffee, purchasing a ticket to a football game, or engaging in business negotiations, contracts permeate our daily lives. However, how many truly understand the nuances of US contract law and the implications of these binding agreements? With this comprehensive introductory course, you'll delve deep into the intricacies of contract law in the United States and gain invaluable knowledge to navigate life's many agreements more confidently.

Our 11-lesson program offers both a panoramic view and intricate details of US contract law. At the outset, we demystify what contracts are, breaking down their foundational concepts and highlighting their diverse types. From there, we transition into an exploration of the essential elements that form the backbone of most contracts. Simultaneously, you'll grasp how the US legal system interprets and applies these elements, safeguarding rights and ensuring fairness.

Now, let's tackle a common misconception. Many believe that contracts are purely about signing a document. However, the true essence of a contract lies in the three pivotal components – offer, consideration, and acceptance. Through illustrative examples, we'll elucidate these core concepts, ensuring you're well-equipped to discern valid contractual agreements from mere casual conversations.

A fundamental question arises: Who can legally enter into a contract? Through real-world scenarios, we'll unveil the criteria determining a person's capacity to contract. From minors to mentally incapacitated individuals, we'll navigate the nuances ensuring equitable dealings for all.

But understanding contracts isn't merely about their creation. Effective negotiation skills and the ability to draft sound contractual agreements are equally vital. Through practical exercises and illustrative samples, you'll sharpen your aptitude in both these areas, positioning yourself for advantageous agreements.

Yet, not all that glitters is gold. Contracts can sometimes veer into murky waters. As such, we'll journey into the realm of unfair and illicit contracts, offering insights into when and how these can be legally challenged. Additionally, what happens when a contract meets its natural end, or when disputes arise leading to premature termination? We tackle these questions head-on, exploring the dynamics of contract breach, the potential for voiding agreements, and the intricate dance of rescission claims.

Expanding our scope, we also spotlight specialized contract scenarios, a domain where generic rules sometimes give way to specific stipulations. Whether it's the real estate sector, intricate financing deals, or social contracts like marriage, we'll provide tailored insights, enriching your understanding manifold.

As we near the course's conclusion, we address a highly contemporary issue – the nexus between contract law and the burgeoning digital realm. In an age where online transactions and digital agreements are skyrocketing, understanding the legal ramifications in this domain is paramount.

In wrapping up our journey, here's a promise: By the end of this course, whether it's purchasing your dream home, negotiating a job contract, or simply understanding the terms of an online subscription, you'll handle every contractual interaction with heightened awareness and confidence.

Course Breakdown:

  • Lesson 1: Contract Basics – Understanding the Foundation
  • Lesson 2: Diving Deep: Contract Elements and U.S. Law
  • Lesson 3: Upholding the Deal: Mechanisms of Contract Enforcement
  • Lesson 4: The Art of Agreement: Offer and Acceptance Explained
  • Lesson 5: Crafting Contracts: Mastering Negotiation and Drafting
  • Lesson 6: Treading with Caution: Improper Contractual Scenarios
  • Lesson 7: The Fine Print: Navigating Unfair Contractual Clauses
  • Lesson 8: Full Circle: Contract Termination and Completion
  • Lesson 9: A Deeper Dive: Specialized Contractual Situations
  • Lesson 10: Beyond the Basics: Advanced Contractual Scenarios
  • Lesson 11: Surfing the Web: Contract Law in the Digital Age

Embark on this enlightening journey and unlock the world of contracts like never before. Secure your spot today and lay the foundation for a future of informed decisions and successful negotiations.

Courses Frequently Bought Together:
  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 
 

Course Lessons

Lesson 1. Contract Basics

13 Points
Lesson 1 discusses what a contract is and how it works. We'll cover offer, acceptance, consideration, value, and other contractual fundamentals. A review of several contract types concludes this lesson.
  • Lesson 1 Video
  • Lesson discussions: Contract Law; Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Assessment: Lesson 1 : Contract Basics

Lesson 2. Contract Elements and U.S. Law

8 Points
Lesson 2 discusses the key elements that comprise a contract. We cover some common terms, the parties that create a contract, and other factors included in an agreement.
  • Lesson 2 Video
  • Assessment: Lesson 2 : Contract Elements and US Law

Lesson 3. Contract Enforcement

9 Points
Lesson 3 discusses the methods of resolving disputes between parties to a contract. We cover court action and alternative dispute resolution options, such as arbitration, mediation, collaborative law, and negotiation.
  • Lesson 3 Video
  • Lesson discussions: Enforcement
  • Assessment: Lesson 3 : Contract Enforcement

Lesson 4. Offer and Acceptance

9 Points
Lesson 4 discusses some key details of the fundamental aspects of a contract: offer, consideration, and acceptance. We will cover valid offers and the timing of acceptance, as well as define appropriate consideration within a contract.
  • Lesson 4 Video
  • Assessment: Lesson 4: Offer & Acceptance

Lesson 5. Negotiating and Writing a Contract

10 Points
Lesson 5 addresses a party's ability to contract and covers impairment situations. We then discuss the mindset entering negotiations. Finally the benefits of writing the contract are examined and some specific clauses are mentioned.
  • Lesson 5 Video
  • Assessment: Lesson 5 : Negotiating and Writing a Contract

Lesson 6. Improper Contract Situations

8 Points
Lesson 6 looks at improper contracting activities that can be challenged by an injured or offended party.
  • Lesson 6 Video
  • Assessment: Lesson 6 : Improper Contract Situations

Lesson 7. Unfair Contractual Conditions

9 Points
Lesson 7 discusses situations where the assent to or construction of a contract can be deemed unfair. We'll cover duress, undue influence, and impairment. Clauses that can be considered unfair are covered as well. Additional lesson topics: Duress
  • Lesson 7 Video
  • Assessment: Lesson 7 : Unfair Contractual Conditions

Lesson 8. Contract Termination and Completion

11 Points
Lesson 8 describes the methods of canceling or ending a contract. We look at breach, estoppels, void, completion, and rescission. Damages awarded for breach of contract are also covered.
  • Lesson 8 Video
  • Assessment: Lesson 8 : Contract Termination & Completion

Lesson 9. Special Contract Situations

10 Points
Lesson 9 discusses unique contracts that have specific requirements. We cover real estate agreements, credit and financing agreements, contracts with government, and labor agreements.
  • Lesson 9 Video
  • Assessment: Lesson 9 : Special Contract Situations

Lesson 10. More Special Contract Situations

9 Points
Lesson 10 examines two more unique contract situations: Intellectual Property and Social Contracts. We discuss various protections of intellectual property, and cover key terms within an IP contract.
  • Lesson 10 Video
  • Assessment: Lesson 10 : More Special Contract Situations

Lesson 11. Contract Law and The Internet

56 Points
Lesson 11 discusses contract law that governs the activities conducted through the Internet.
  • Lesson 11 Video
  • Lesson discussions: E-Signing; Program Evaluation Follow-up Survey (End of Course); Course Comments
  • Assessment: Lesson 11 : Contract Law & The Internet
  • Assessment: The Final Exam
152
Total Course Points
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what a contract is.
  • Define the contract elements and how it relates to U.S. law.
  • Summarize contract enforcement.
  • Define the Offer and Acceptance of contracts.
  • Describe the processes of negotiating and writing a contract.
  • Summarize improper contract situations.
  • Summarize unfair contractual conditions.
  • Describe contract termination and completion.
  • Summarize special contract situations.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Contract Law 101 - An Introduction
Course Number: 8900104
Languages: English - United States, Canada and other English speaking countries
Availability: You can take this course online in every U.S. state including California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. International availability includes English-speaking countries like Canada, Australia, the UK, and South Africa.
Last Updated: February 2024
Course Type: Self-Paced, Online Class
CEU Value: 1.0 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Course Fee: $120.00 U.S. dollars

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Student Testimonials

  • "I like the flow and ease of moving throuhg the lessons." -- Sabrina R.
  • "Instructor was motivational and encouraging." -- Paul N.
  • "The course was easy to follow and well explained in order for mere mortals like me to understand." -- Monique S.
  • "Excellent instructor. The very best. Always there for you. Thoughtful feedback. Excellent course." -- Mohammad H.
  • "Great course for anyone who needs straight to the point insight into Contract Law." -- Gilbert H.

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