5. The student will examine and analyze contract law, online contracting and contracts governed by Article 2 of the Uniform Commercial Code by: a. explaining the essential elements of common law contracts as well as those pursuant to the Uniform Commercial Code. b. identifying the rules of construction and evaluating common law, online contracting and commercial code contracting. o distinguishing between specific types of contracts, such as a requirements contract versus a output contract. d. explaining the obligations, remedies and defenses available to contracting parties