Contracts are the foundational legal documents that direct interactions between the signers. Don’t nod off yet. This part will give you the keys you need to understand this key area of the law.

While contracts are often a document, they can also be oral. They can cover any subject matter as long as it is not illegal or unconscionable. But to be valid, a contract must have key items like meeting of the minds, offer and acceptance, exchange of consideration. By the end of this part, you’ll know exactly the concepts those terms represent.

And sales are merely a variation on contract law. Easy enough once you know the key distinctions.