Define contracts and explain how a "contract" is different from "agreements" in general.

What is the difference between valid, void, voidable, illegal and unenforceable contracts. Explain the differences in terms of necessary elements and the consequence flowing out of each.

What is the point at which a contract comes into being. Explain

What are some general rules governing "consideration" with respect to adequacy, existing duty, mutuality and so on.

What are factors that can affect "consensus"

What are the circumstances or who may be deemed lacking in "capacity" to enter into a contract.

How can contracts be used to protect you. Explain.

What is a fundamental breach and how would the courts deal with a fundamental breach if there is an exemption clause limiting liability of the breaching party.

Explain what is caveat emptor and what are exceptions to the application of caveat emptor

Explain what is "promissory estoppel and explain how and when does "promissory estoppel apply.

What is frustration and how does it differ from "force majeure"

Explain the rule of "privity of contract" and identify and exceptions to this rule

Discuss the ways in which a contract can be discharged/ ended.

If you borrow $1000 and then agree with your debtor to only pay back 800, is this enforceable under common law? Is there any statute/legislation that now makes these agreements binding or enforceable?

What are rules concerning assignment and how are negotiable instruments an exception to this rule