This course continues the study of basic contract law and theory beyond doctrines covered in first-semester contracts. The course objective is to give students in-depth mastery of a limited set of selected doctrines crucial to a contracts practice, rather than more superficial coverage of a wider array of doctrines. The course is based on the premise that competency in a contracts practice requires a sophisticated understanding of the real-world context in which commercial transactions take place. Contract doctrine cannot be properly understood, applied or deployed by practitioners or judges without understanding the role of formal and informal norms in commercial settings, and how contract law affects the partiesâ ability to structure their interactions. Some first-semester material will be reviewed and developed further to ensure all students have a common background in contract law and theory regardless of the content and approach taken in their first-year contracts course. Particular attention will be paid to selected doctrines regulating the bargaining process (e.g., duress and fraud), identifying and interpreting the terms of agreement (e.g., the parol evidence and plain meaning rules), defining the terms of performance (e.g., implied and express conditions), mistake and excuse (e.g., unilateral and mutual mistake, impossibility and commercial impracticability, frustration of purpose), conduct constituting breach (e.g., anticipatory repudiation, the right to adequate assurances), and remedies (e.g., foreseeability, mitigation, liquidated damages, sales of goods remedies). Although considerable emphasis will be placed on doctrines in both the common law and Uniform Commercial Code, this course is not intended as a substitute for a course on the sale of goods (Article 2 of the U.C.C.). Exam option only.