Dear Students,

Welcome to this unit- Law of Contracts.

Law of contracts can also be called law of obligations. It seeks to provide an overview of the legislation and judicial decisions that give contracts their legal powers. Therefore, knowledge of contract law is vital for anybody that wishes to enter into contractual agreement to avoid failing into legal troubles. In this Unit, you will have to study the following: What is a contract; essentials of a valid contract; formation of a contract, types of contracts; performance of contracts and many other aspects of law of contracts.