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M.A.L.-1

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A Systematic and Comprehensive Commentary on the

Fundamental Principles of American Law

PREPARED BY

JUDGES, MEMBERS OF THE BAR, TEACHERS IN LAW SCHOOLS,

AND WRITERS ON LEGAL SUBJECTS

UNDER THE EDITORIAL SUPERVISION OF

EUGENE ALLEN GILMORE, A.B., LL.B.

PROFESSOR OF LAW, UNIVERSITY OF WISCONSIN

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WILLIAM CHARLES WERMUTH, M.S., LL.B.

FORMER LAW LECI ER, NORTHWESTERN UNIVERSITI

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CHARLES A. HUSTON, A.B., J.D., J.S.D.,
DEAN AND PROFESSOR OF LAW, LELAND STANFORD JR. UNIVERSITY

CONTRACTS

BY

WILLIAM C. WERMUTH, M.S., LL.B.,
FORMER LAW LECTURER, NORTH WESTERN UNIVERSITY

VOLUME 1

BLACKSTONE INSTITUTE

CHICAGO

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