Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning
Learning ObjectivesLearning Objectives
What is a contract? What is the objective theoryof contracts?
What are the four basic elements of a valid,enforceable contract?
What is the difference between an implied-in-factand implied-in-law (quasi) contract?
How does a void contract differ from a voidablecontract? What is an unenforceable contract?
Why have plain language laws been enacted?What rules guide the courts in interpreting thecontracts?