Contracts 2 is the second of the two compulsory contract law components of the undergraduate curriculum. The course presupposes that students have acquired knowledge of the content of LAWS1071 Contracts 1. Topics examined in LAWS1072 Contracts 2 include: the identification and interpretation of contractual terms; factors which may vitiate the formation of a contract, such as misrepresentation, mistake and common law and statutory unconscionability; the effect of exemption clauses; the nature of performatory obligations; breach of such obligations; circumstances in which contractual obligations are terminated; and remedies for contractual breach. Students are encouraged to examine the role of contract law from an historical and contemporary standpoint.