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Abstract This book is a study of the foundations and structure of contract law. It has both a theoretical purpose and a pedagogic purpose. It moves from trust to promise to the nuts and bolts of contract law. The book shows that contract law has an underlying unifying moral and practical structure. There may be more legal detail in this book than the theorist requires (as in the discussions of offer and acceptance and conditions), and more theory than is necessary for the law student (as in the early discussion of the morality of promising). However, the overall two purposes support each other in an effective and comprehensive study of contract law. This second edition retains the original text, and includes a new Preface. It also includes a lengthy postscript that takes account of scholarly and practical developments in the field over the last thirty years, especially the large and rich law and economics literature.
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