Brief Summary of the Roots of Modern Contract Law

Description

This Skill Bit talks about contract law, which has evolved over centuries, from ancient Mesopotamia’s Code of Hammurabi to modern-day commercial transactions. Its principles have adapted to changes in society, economics, and politics, shaping legal systems worldwide. The 19th and 20th centuries brought further refinements, balancing freedom of contract with consumer protection and international trade. Contract law remains relevant by maintaining fairness and equity while navigating societal shifts and the complexities of modern commerce.

Duration approx. 4 Min.

Tier: proficiency