This understanding treatise is designed for first year law students enrolled in contracts the text explains common law principles of contract law using cases and examples that students commonly encounter in this first year course it draws illustrations from the restatement second of contracts and from article 2 of the uniform commercial code as it has been adopted in all fifty states. 2 read and understand the common terms common terms are included in almost every contract so be sure to go over them before you get too far into the contract so you have a clear understanding of what they mean and which terms represent each party. To be capable of making a contract the parties must understand what theyre doing for example there is a presumption that minors and insane people usually dont know what theyre doing and for that reason contracts they enter into wont be enforced under certain circumstances
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