Silicon Valley Business School

Contracts: Contract Formation
Free Extracts from the Contracts Course
Below you are free to explore extracts of the learning materials included in this course. If you're interested in educating yourself on these topics, we recommend that you review all these materials. If you're looking for a credential, please take a look at the certificate version of this course which will test your understanding of the materials and track your progress through the course until you have completed it and earned your certificate.

  • Video ~ Contracts -- Formation
How contracts are formed.

PDF slides for the learning material titled: "Video ~ Contracts -- Formation".

  • Video ~ What is an Offer?
This video introduces the first element of a contract, the offer.

If you're a business manager or sole proprietor, you should be especially aware of the difference between an empty statement and a legally actionable one. The information contained in this article will help you better understand how your statements -- if accepted, even silently -- can become legally binding contracts.

  • Video ~ Statute of Frauds
What is the Statute of Frauds? This video discusses state laws that require evidence for some types of contracts to be in writing.

This article provides information regarding the types of contracts that need to be executed in writing in order to be enforceable.

  • Video ~ Mirror Image Rule
What is the mirror image rule? This video discusses the common law mirror image rule for contracts, where valid acceptances must mirror the terms of the offer.

  • Video ~ UCC & Mirror Image Rule ~ Part 1
How does the UCC modify the mirror image rule? This is part 1 of a series of videos discussing how the UCC modifies the common law mirror image rule.

  • Video ~ UCC & Mirror Image Rule ~ Part 2
This video discusses how the UCC modifies the common law mirror image rule, focusing on the "Knockout Rule" where an acceptance contains a term that contradicts a term in the offer.

  • Video ~ Mailbox Rule
What is the mailbox rule? This video introduces the mailbox rule, which applies to acceptances by mail, of offers to enter into a contract.

  • Video ~ Condition Precedent
What is a "condition precedent"? This video introduces the condition precedent, an act or occurrence that must take place before a party is obligated to keep its promise in a contract.

  • Video ~ Condition Subsequent
What is a "condition subsequent"? This video introduces the condition subsequent, an event that may end a party's duty to keep its promise in a contract.



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