PRL 174 - Contracts

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Voc/Tech

This course will cover a study of the fundamentals of contract law including required elements necessary for the creation of enforceable contracts and remedies available for breach of contract. The preparation and interpretation of contracts, while examining provisions of the Uniform Commercial Code relevant to contract law will also be included.
Prerequisite: PRL 102, PRL 103, PRL 112
Competencies

Define Types of Contracts
1. Describe Express or Implied Contracts
2. Describe Unilateral or Bilateral Contracts
Examine Sources of Contract Law
1. Discuss Common Law
2. Compare Uniform Commercial Code
3. Describe International Law
Apply Elements of a Contract
1. Define an Offer
2. Describe an Acceptance
3. Define Consideration
Determine Invalid Assent
1. Define Fraud
2. Compare Misrepresentation and Mutual Mistake
3. Contrast Duress, Undue Influence and Unconscionability
Measure Contractual Capacity
1. Define Contractual Capacity
2. Identify Classes Afforded Protection
Identify Third Parties/Secured Transactions
1. Define Parties and Beneficiaries
2. Describe Agency
3. Explain Assignment and Delegation
4. Summarize Secured Transactions under the UCC
Determine Remedies Available
1. Define Damages
2. Define Equitable Remedies
Evaluate Contract Interpretation
1. Define Components of a Written Contract
2. Analyze the Parol Evidence Rule
3. Compare Rule of Construction