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Modern Contract Law is both a short treatise on contract law, aimed primarily at students, and a study of how classical contract law, which predominated from the middle of the nineteenth century to the middle of the twentieth, has largely been replaced by modern contract law. As a short treatise, Modern Contract Law states the rules of contract law; explains the rules; and sets out the justifications of the rules for the purpose of furthering their understanding. As a study of how classical contract law was largely replaced by modern contract law, Modern Contract Law states the rules of classical contract law because first, those rules provide a background to modern contract law, and second, some of those rules are still in place.