Description
American Contract Law I (along with its sister course Contracts II) provides a comprehensive overview of contract law in the United States. The course covers most of the key concepts found in a first year law school class. Each lecture is based on one or more common-law cases, integrating legal doctrines with policy discussions. The course also covers key sections from the Uniform Commercial Code (UCC), which governs the sale of goods.
Course Takeaways
- The course covers most of the key concepts found in a first year law school class. Each lecture is based on one or more common-law cases, integrating legal doctrines with policy discussions.
- The course also covers key sections from the Uniform Commercial Code (UCC), which governs the sale of goods.
- By the end of the course, the learner should be able to understand: Formation: how a valid and enforceable contract is created, including concepts such as offer, acceptance, consideration, and promissory estoppel.
Meet the Instructors
Ian Ayres is a lawyer and an economist. They are Deputy Dean and the Oscar M. Ruebhausen Professor at Yale Law School and a Professor at Yale’s School of Management.
Professor Ayres has been a columnist for Forbes magazine, a commentator on public radio’s Marketplace, and a contributor to the New York Times’ Freakonomics Blog. Their research has been featured on PrimeTime Live, Oprah and Good Morning America and in Time and Vogue magazines. Ian is a co-founder of stickK.com, a web site that helps you stick to your goals. In an Illinois post-conviction proceeding, Ayres helped convince a court to vacate their client’s death sentence.
In 2020, Harvard University Press published Ian’s twelfth book, Weapon of Choice: Fighting Gun Violence While Respecting Gun Rights (with Fredrick Vars). Ian has also published over 100 articles on a wide range of topics including several empirical studies.
In 2006, they were elected to the American Academy of Arts and Sciences. Ayres's book with Greg Klass, Insincere Promises: The Law of Misrepresented Intent, won the 2006 Scribes book award “for the best work of legal scholarship published during the previous year.” Professor Ayres has been ranked as one of the most prolific and most-cited law professors of their generation. (See James Lindgren & Daniel Seltzer, The Most Prolific Law Professors and Faculties, 71 CHI.-KENT L. REV. 781 (1996); Fred R. Shapiro, The Most-Cited Legal Scholars, 29 J. LEGAL STUD. 409 (2000).) The Chronicle of Higher Education referred to Ayres as “a law-and-economics guru.”
Ayres was born and raised in Kansas City, Missouri, received their B.A. (majoring in Russian studies and economics) and J.D. from Yale and their Ph.D in economics from M.I.T. Professor Ayres clerked for the Honorable James K. Logan of the Tenth Circuit Court of Appeals. They have previously taught at Harvard, Illinois, Northwestern, Stanford and Virginia law schools and has been a research fellow of the American Bar Foundation and Columbia. From 2002 to 2009, Ayres was the editor of the Journal of Law, Economics and Organization.
Their two most cited law review articles are Fair Driving: Gender and Race Discrimination in Retail Car Negotiations, 104 Harvard Law Review 817 (1991) and Filling Gaps in Incomplete Contracts: An Economic Theory of Default Rules, 99 Yale Law Journal 87 (1989) (with Robert Gertner).
Excerpts of their publications as well as audio and video clips can be found on the internet at: www.ianayres.com.
Publications, audio and video clips
