In this module, you'll explore how agreements are formed and ultimately become binding through offer and acceptance. You'll examine the unique characteristics of common law and how it governs contracts. You'll further examine the characteristics of the Uniform Commercial Code (UCC) and the applicability of standardizing contracts within a specific subset of business activities. By the end of the module, you'll be able to recognize what makes a business an assignor or an assignee with respect to a contract with another party.

In this module, you'll explore some of the most common types of contracts that businesses establish with other parties. You'll develop a deeper knowledge of the nuances of a bilateral agreement and a unilateral agreement based on the respective actions taken by the involved parties. You'll examine how businesses establish express contracts with internal and external parties. By the end of the module, you'll have a firm understanding on how implied contracts are enforceable and what is considered a valid action resulting in such contracts.

In this final module, you bring together the full landscape of contract law—formation, enforceability, governing frameworks, and classifications—and apply it to real-world business situations. You’ll evaluate whether agreements are valid, void, or voidable, determine which legal rules apply, and decide how different contract types shape obligations. This module challenges you to exercise professional judgment, not just recall definitions.