Course Learning Objectives:

Define the essential elements of consideration.

Understand the essential elements of contractual performance.

Week 2 Weekly Objectives

1. Define the requirements for forming a contract.

2. Understand the elements comprising consideration in the contract formation process and the importance of distinguishing between consideration and gratuitous promises.

3. Compare and contrast contracts vs. gifts.

4. Define the requirements for contractual performance.

5. Describe and demonstrate how conditions may affect the duty toperform under a contract.