The Bible describes two opposite methods of salvation. The first is based on man’s promise and his works while the second is based on God’s promise and His works. One is salvation by works of the law while the other is salvation by grace alone. These two opposite methods of salvation are labeled in the Bible as the Old Covenant and the New Covenant.
The Old Covenant was first introduced to the Jews of the Exodus. This covenant was a contract, or an agreement, between God and the Jews. In this contract God spelled out His laws, especially the ten commandments, and the Jews agreed to keep all of them. If they failed to keep any of them it meant condemnation unto death. If they succeeded to obey all of them they would be justified unto life.
When God gave His laws to the Jews of the Exodus and entered into the Old Covenant, He knew they could not keep them because of their sinful condition. But because sin is a deceiver, the Jews were not fully aware of this problem and therefore entered into an agreement with God saying, “all that you say we will do and obey.” The Old Covenant was therefore given so that the Jews might come to the realization of their utter sinfulness and their need of a Saviour.
In this study we will examine the two Covenants and see why the Old Covenant can never save us. Our only hope of attaining eternal life is the New Covenant of salvation by grace alone.