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Contract law refers to the body of law that governs the oral and written agreements that are associated with the exchange of properties, money, goods, and services. Topics that are covered under the contract law includes the termination of contract, contracts of employment, limitation of actions and the freedom of contract.

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Seamus Friesen

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1y ago
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9y ago

Contract law refers to the body of law that governs the oral and written agreements that are associated with the exchange of properties, money, goods, and services. Topics that are covered under the contract law includes the termination of contract, contracts of employment, limitation of actions and the freedom of contract.

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11y ago

There isn't any one law that is "the" contract law. Contract law is a whole body of law encompassing things like how contracts are made, what terms they may use, how to interpret ambiguous clauses, etc. If you are looking for a source of contract law, a good place to start would be the Universal Commercial Code (Article 2, primarily), and the Restatement (Second) of Contracts. These are technical works put together by non-governmental entities, not laws, but they are a good representation of contract law in almost every state.

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13y ago

Contracts are entered into voluntarily, but once entered into they may be enforced through the courts.

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9y ago

It is the legislation of a particular country regulating what is and is not legal concerning contractual employment.

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Q: What is the contract law?
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Related questions

What type of contract requires a law to be broken?

It would not be a valid contract. A contract to break the law is illegal.


What is an example of an private law?

Private laws are those that do not apply to everyone. An example of private law is a contract. As long as it is not illegal, you can contract for many things or you contract away your rights.


Where could one find some contract laws?

Contract law is a large and complex area of the law. You can find a summary of the main principles of contract law by visiting the Wikipedia page titled English contract law.


When a private individual brings a suit against a company for breaking a contract this is an example of law?

Generally, the action would involve breach of contract.


What is the origin of the phrase contract law?

Contract law is just a body of law regarding... well... contracts.


Contract law is based on 3 principles of privity of contract and sanctity of contract and freedom of contract?

looking at the case law and other authorities do you think that contract law today is based on yhe three principles of privity of contarct,sanctity of contarct andfreedom of contract


Can a new law change a contract?

No. The contract is bound by the law that existed and was known to the parties at the time the contract was drawn up and signed.


When was Landmark Cases in the Law of Contract created?

Landmark Cases in the Law of Contract was created in 2008.


What takes precedent statute law or contract?

Statute law takes precedence over the others. Where it doesn't conflict with the written laws, contract law will be next. Common law is only relied on as a last resort.


If a law is quoted in a contract and then a new law is passed what law is applicable?

The contract will say which law is in effect but cannot be canged after it has been signed so will be the law that was there when it was signed.


Classification of contract?

give a detailed analysis on the classification of a contract suggesting their practicability in really life


Where can I find contract law information in Detroit, MI?

Contract law information in Detroit, MI can be found through Dailey Law Firm, P.C.