General Intro | Contracts | Contract Definition, What is a Promise, Legal Enforceability

This lesson provides a basic introduction to the legal definition of a contract and to promises as the basic building block of a contract. I also briefly consider how the law distinguishes between promises that are legally enforceable (meaning a person can run into court to enforce the promise) and those that are not. Chapters 00:00 - Start 00:12 - Anatomy of a Promise 01:57 - The Legal Definition of a Promise 09:07 - Determining the Intent of the Promisor 14:52 - Methods of Making a Promise 17:55 - Legal Enforceability of a Promise 21:28 - Contractual Promises (enforceable) 24:38 - Gratuitous Promises (generally not enforceable) 26:09 - Contracts Analytic Framework FREE! Flashcards for this lesson: https://docs.google.com/presentation/... To use the flashcards, click the "Slideshow" button in the upper, righthand corner of Google Slides. If you found this video helpful, please like and subscribe! I appreciate your support. This video is the first of what I hope will be multiple videos walking through the key concepts of contract law.