Contracts I

Contract


Restatement Second of Contracts § 1
Restatement Second of Contracts § 1

Contract Defined

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A contract is a promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty.

Copyright, The American Law Institute

To be enforceable, a contract must have a manifestation of assent and a basis for enforcement.