Monday, February 6th, 2006

How Contracts Arise


Students shall be able to

  1. list the six elements of a contract,

  2. name and explain the major classes of contracts,

  3. state the three basic elements of an offer,

  4. discuss the requirements of an acceptance,

  5. explain how an offer can come to an end, and

  6. decide cases involving these concepts.


  1. Students shall watch the opening minutes of the movie The Paper Chase, which deals with this case.

  2. Lecture/Discussion: Hawkins v. Magee.

  3. Students shall read chapter seven in the text.

Assignments: Take notes. Read chapter seven in the text. Answer the following on the left side of your notebook:

  1. What are the three requirements that an offer must fulfill?

  2. What are the five ways that an offer comes to an end?

  3. What are the six elements of a contract?

  4. Contracts can be classified in four ways. One is whether they are oral or written. What are the other three ways?

  5. To be valid, an acceptance must meet two basic requirements. What are they?


Monitor and adjust as needed. Grade the answers to the above questions.