1. BLW 273 Business Law I Common Law Contracts © 2009 Darren A. Prum, MBA, JD

2. BLW 273 Contracts »Types of Contracts © 2009 Darren A. Prum, MBA, JD

3. BLW 273 Contracts »What Law Applies? »Tests for Differentiation: »If it is GOODS, then use the UCC »If it is Real Estate or services, then Common Law © 2009 Darren A. Prum, MBA, JD

4. BLW 273 Contracts »Do We Have a Contract? »Offer »Elements »Content »Duration or life of an offer © 2009 Darren A. Prum, MBA, JD

5. BLW 273 Contracts »Do We Have a Contract? (continued) »Acceptance »Consideration »Non-Valuable Promises »Pre-existing Duty © 2009 Darren A. Prum, MBA, JD