In this lesson, Nick Palazzolo, CPA, breaks down the intricacies of contract law, an area that intersects neatly with accounting and also appeals to those eyeing a future in law. Diving into the key phases of contract life, from formation to performance, and onto discharge and breach, Nick sheds light on the nuances that determine the validity of contracts. With clear insights and practical scenarios, he ensures that grasping the concept of whether a contract was ever formed becomes second nature. Moreover, by tying in elements of agency law, Nick prepares for the variety of simulations and multiple-choice questions that require a strong command of these legal principles.
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