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Contract law.

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Research Starters
  • Author(s): Weiss, Marcia J.
  • Source:
    Salem Press Encyclopedia, 2021. 3p.
  • Subject Terms:
  • Additional Information
    • Abstract:
      Contract law is based on the principle that people should be secure in the knowledge that promises will be legally enforced when made between persons in order to provide each with some sort of benefit. Contract law has pervaded nearly all aspects of society, and as technology grows and society changes, the essential principles of contract law are necessarily modified or adapted to reach a fair and equitable result.