The new edition includes many new features including a new introductory chapter which provides an overview of the course in the first two weeks, as well as modern movements in contracts jurisprudence. This edition covers new cases dealing with contract issues growing out of the current foreclosure crisis as well as new cases from the Supreme Court's recent arbitration jurisprudence. The authors added new coverage of unilateral change of terms provisions in consumer contracts and new materials covering the Constitution's contract clause in relation to current state pension crisis. The materials have been reorganized and streamlined. Some cases have been moved around in the book so as to provide a more logical structure that students will find more accessible.