558: Law Every 1L Should Know -- Contract Formation

Welcome back to the Law School Toolbox podcast! This episode is part of the series "Law Every 1L Should Know", and today we're tackling contracts. We cover the three essential elements of contract formation under common law -- offer, acceptance, and consideration -- and apply the rules to a practical fact pattern. Thanks to Juno for sponsoring this episode! If you're thinking about student loans for law school, head to JoinJuno.com to explore your options and see how Juno can help you find a better rate.    In this episode we discuss: Overview of contract law Contract formation checklist and rules A fact pattern illustrating contract formation Resources: JoinJuno.com (https://joinjuno.com/) Lucy v. Zehmer (https://www.casebriefs.com/blog/law/contracts/contracts-keyed-to-murphy/the-bargain-relationship/lucy-v-zehmer-2/) Hamer v. Sidway (https://www.casebriefs.com/blog/law/contracts/contracts-keyed-to-farnsworth/bases-for-enforcing-promises/hamer-v-sidway/) Podcast Episode 344: Listen and Learn – Contract Formation (https://lawschooltoolbox.com/podcast-episode-344-listen-and-learn-contract-formation/) Podcast Episode 487: Listen and Learn – Consideration (Contract Law) (https://lawschooltoolbox.com/podcast-episode-487-listen-and-learn-consideration-contract-law/) Podcast Episode 245: Listen and Learn – Promissory Estoppel (https://lawschooltoolbox.com/podcast-episode-245-listen-and-learn-promissory-estoppel/) Podcast Episode 267: Listen and Learn – UCC 2-207 ("The Battle of the Forms") (https://lawschooltoolbox.com/podcast-episode-267-listen-and-learn-ucc-2-207-the-battle-of-the-forms/) Podcast Episode 341: Listen and Learn – Contract Defenses (https://lawschooltoolbox.com/podcast-episode-341-listen-and-learn-contract-defenses/) Podcast Episode 354: Listen and Learn – Expectation and Consequential Damages (Contracts) (https://lawschooltoolbox.com/podcast-episode-354-listen-and-learn-expectation-and-consequential-damages-contracts/) Podcast Episode 497: Listen and Learn – Incidental, Reliance, and Restitution Damages (Contracts) (https://lawschooltoolbox.com/podcast-episode-497-listen-and-learn-incidental-reliance-and-restitution-damages-contracts/) Podcast Episode 521: Smarter Borrowing: How Juno Helps Lower Student Loans (https://lawschooltoolbox.com/podcast-episode-521-smarter-borrowing-how-juno-helps-lower-student-loans/) Download the Transcript  (https://lawschooltoolbox.com/episode-558-law-every-1l-should-know-contract-formation/) If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode! Thanks for listening! Alison & Lee