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National College Credit Recommendation Service
American Educational Institute, Inc. (AEI) | Evaluated Learning Experience
Law of Contracts (110)
Approximately 24 hours of structured independent study.
Independent Study program administered through the offices of American Educational Institute.
Instructional delivery format:
Upon successful completion of the course, students will be able to: discuss basic principles governing the obligations and rights involved in contracts; discuss and utilize court decisions and statutes affecting insurance claims; effectively consult with attorneys in the negotiation and settlement of claims; and interpret various types of contracts with awareness of the basic law governing obligations of a contract.
Major topics are: offer, acceptance, consideration; hold harmless; exculpatory clauses; remedies, defenses and releases. In addition to AEI produced textbook, students receive actual court decisions, which relate to the subject matter and present real-life court opinions that illustrate how courts have ruled in the past and are likely to rule in the future on important issues in claims. A proctored examination is administered for both levels of the credit recommendation. Scenario and case study-based questions, built around actual claims situations, challenge students to analyze and solve problems using applicable principles of claims law that parallel their own claim files. To broaden students' knowledge of the subject, graded exams are returned with helpful comments that provide a written explanation of why each answer is correct or incorrect. For the graduate level credit recommendation, students also prepare and submit an appropriate graduate level research project on a pre-approved topic or issue, in accordance with AEI's specific guidelines.
In the upper division baccalaureate degree category OR in the graduate degree category, 1 semester hour in Insurance Law, Contracts, Business Law, or Introduction to Law (5/10) (5/15 revalidation) (6/20 revalidation). NOTE: Courses 110 and 115 constitute 2 semester hours in Law of Contracts.