I. When man sinned he gave himself up to slavery under the devil. Even though he had no right to do this, Gad gave him over to that end.
II. Man was without hope in the world.
III. According to the riches of his wisdom, God set up a covenant of grace.
IV. It holds out a greater hope not based upon our works, but upon Christ’s works.
V. Definition of the covenant of grace:
The covenant of grace is a compact or agreement between God and the elect sinner; God on his part declaring his free good-will concerning eternal salvation, and every thing relative thereto, freely to be given to those in covenant, by, and for the mediator Christ; and man on his part consenting to that good-will by a sincere faith. – p.165
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