Contract Law 101 - An Introduction

no certificate
- OR -
with CEU Certificate*
Start Right Now!
Taking multiple courses? Save with our platinum program.

Course Description



Every time you trade an item, attend a sporting event or buy a soda, you enter the world of contracting. When an exchange is made willingly a contract exists. But do you know how US law interprets and enforces contracts? We've designed an introductory course to help you understand the components, process and legal impact of contracts.

This 11-lesson course will take a broad, yet detailed view of contract law in the United States.

In this course we will begin by examining contract basics by explaining what a contract is and the various contract types. Key elements to most contracts are covered , along with an explanation of how US law governs contractual activity.  We'll discuss enforcement and dispute resolution options, and the three critical requirements of a contract – offer, consideration and acceptance – .

We will explain who can enter a contract, how to approach negotiation and designing a written contract. This course will also examine unfair and improper contracts that could be challenged; focus on contract termination, covering breach, voiding and rescission claims; and provide details on special contract situations, including real estate, financing and social contracts. We conclude with an examination of contract law governing Internet use. When completed, each student will gain an edge when buying a car or home, getting a job, and handling everyday agreements.   

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Topics


  • Lesson 1 : Contract Basics
  • Lesson 2: Contract Elements and US Law
  • Lesson 3: Contract Enforcement
  • Lesson 4: Offer & Acceptance
  • Lesson 5: Negotiating and Writing a Contract
  • Lesson 6: Improper Contract Situations
  • Lesson 7: Unfair Contractual Conditions
  • Lesson 8: Contract Termination & Completion
  • Lesson 9: Special Contract Situations
  • Lesson 10: More Special Contract Situations
  • Lesson 11: Contract Law & The Internet

Course Materials

"font-size: 12pt; font-family: ">All course materials are provided in this class. There is no need to buy additional resources. A suggested reading list is provided as well as links to free published sources.

Grading Policy

Each lesson will include a written assignment that will directly apply what you have learned. A brief 25 pt. quiz will follow each lesson. Students will successfully complete this course with a 70% or higher grade.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what a contract is.
  • Define the contract elements and how it relates to U.S. law.
  • Know contract enforcement.
  • Define the Offer and Acceptance of contracts.
  • Describe the processes of negotiating and writing a contract.
  • Know improper contract situations.
  • Know unfair contractual conditions.
  • Describe contract termination and completion.
  • Know special contract situations, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Assessment Guide

Assessment Points
Lesson 1 Assignment25
Lesson 1 : Contract Basics12
Lesson 2 Assignment25
Lesson 2 : Contract Elements and US Law8
Lesson 3 Assignment25
Lesson 3 : Contract Enforcement9
Lesson 4 Assignment25
Lesson 4: Offer & Acceptance9
Lesson 5 Assignment25
Lesson 5 : Negotiating and Writing a Contract10
Lesson 6 Assignment25
Lesson 6 : Improper Contract Situations8
Lesson 7 : Unfair Contractual Conditions9
Lesson 8 Assignment25
Lesson 8 : Contract Termination & Completion11
Lesson 9 : Special Contract Situations10
Lesson 10 : More Special Contract Situations9
Lesson 11 : Contract Law & The Internet9
The Final Exam47
Total Points:326

Related Articles