All Contract Formation and Consideration Doctrines

Contract Formation and Consideration Doctrines groups the common law rules addressing how a binding contract is formed and what consideration must support it, following the framework laid out in the Restatement (Second) of Contracts, the legal treatise from the second series of the Restatements of the Law that seeks to inform judges and lawyers about the general principles of American contract common law. First published by the American Law Institute with work beginning in 1962 and completed in 1979, the version in use at present carrying a copyright year of 1981, the Restatement (Second) of Contracts is one of the best-recognized and most frequently cited legal treatises in American jurisprudence, one every first-year law student in the United States is exposed to, and a frequently cited non-binding authority in the areas of contracts and commercial transactions. Its organizing logic, distinguishing the rules of mutual assent that form a contract from the rules of consideration that make a promise enforceable, is the same logic this node uses to gather the atlas's own formation and consideration doctrine entities, from offer-and-acceptance rules to the promissory-estoppel alternative to consideration.