It treats the various circumstances that determine when contracts are binding on a party and when they are not.
Its existence was first brought to the attention of modern scholarship by Neil McLeod, whose edition (with translation and notes) appeared in 1992.
[3] For instance, it contains a poem on contractual surplus adjustment that can be dated, based on style, to the early 7th century.
[5] McLeod divided it into 60 paragraphs of text in two distinct sections.
Part one (paragraphs 1–36) concerns the general rules determining contracts to be binding, whereas part two (paragraphs 37–60) concerns exceptional cases, particularly cases where previously undisclosed defects exist, that allow a contract to be abandoned.