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SMU Module Review: LAW101 Contract Law

Contracts are the foundation of commercial life. This course aims to equip students with a firm appreciation of the unique character of contracts as a form of voluntary undertakings. This course begins by examining the concepts relating to the formation of contract, as well as how an otherwise validly formed contract may have its effect nullified by issues such as misrepresentation, duress, undue influence, etc. Contract Law 1 will be followed in the second semester by LAW102 Contract Law 2 (JD) which will go on to look at issues relating to how a contract may be discharged, what sort of remedies are available when a contractual obligation is breached, as well as certain issues relating to contracts for the sale of goods. Over the two courses, the student will be sensitized to the role of the law in facilitating commerce, respecting legitimate expectations, and guarding against unfair exploitation of economic or social weakness. The study of the subject will also provide students with an excellent opportunity to observe, evaluate and critique developments in the law as it responds to the fast-changing and dynamic environment of the world of commerce.

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