Contract Law Jody Blanke, Professor

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Presentation transcript:

Contract Law Jody Blanke, Professor Computer Information Systems and Law Mercer University, Atlanta

Contract Law As Private Law Willing parties can agree to do most anything Freedom of contract “Meeting of the minds”

Private Law Contract between Major League Baseball and the Players Association - Collective Bargaining Agreement (311 page PDF file) “free agent” “salary cap” “luxury tax” NHL (a league that used to play ice hockey in Canada and the U.S.)

Uniform Commercial Code Poster child of uniform laws Adopted in 49½ states Very successful Facilitates the ease of doing business First place to look for “the law” then, other state statutes then, state case (common) law – safety net

Basic Requirements An agreement between the parties Consideration Capacity Legality