New Mexico Contract Law – Formation of Contracts

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As I mentioned in a recent post, I’ve undertaken the somewhat ridiculous task of compiling a resource comparing New Mexico contract law to the Restatement (Second) of Contracts. Since I’m teaching contracts this semester, I’m trying to do some of these pages in the order that they come up in class.

Today I’ve published a page on Restatement Section 17, which sets forth the elements that are required to form a contract. This is about as basic a requirement as you’ll find in contract law. A contract is formed when there is a manifestation of mutual assent to an exchange that is supported by consideration.

Each of those elements is supported by dozens of additional sections of the restatement. As I work through those this semester, I’ll be writing and posting those sections. Contract law is both entertaining and vast, so I should have plenty to write about.

Looking for a New Mexico contract law attorney? Contact us or give me a call at (505) 273-9379.

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