Lesson Plan
Course Title: Principles of Business, Marketing and Finance
Session Title: Legal Responsibilities of Financial Exchange
Performance Objective:
After completing this lesson, the student will understand the legal responsibility of monetary exchange, recognize the
importance of fulfilling monetary exchange terms, and develop ethical practices in money exchange.
Approximate Time:
When taught as written, this lesson should take 1-2 days to complete.
Specific Objectives:

The student will understand and apply the legal responsibilities in financial exchange within the marketplace
and stock market.
 The student will develop terms of exchange and the legal responsibilities of each party.
TERMS



Financial Exchange – The act of transferring money from one entity to another
Legal Responsibility – the officially recognized acts enforced by the government and conducted by a business
or individual in the exchange for goods and services
Exchange Terms - the conditions determined by the buyer and seller for the purchase of goods and service
Preparation
TEKS Correlations:
This lesson, as published, correlates to the following TEKS. Any changes/alterations to the activities may result in the
elimination of any or all of the TEKS listed.
130.112 (c)(6)(G)
…explain legal responsibilities associated with financial exchanges
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Interdisciplinary Correlations:
English:
110.31 (b)(21)(B)
… organize information gathered from multiple sources to create a variety of graphics and forms (e.g., notes, learning
logs)…
110.31 (b)(22)(B)
…evaluate the relevance of information to the topic and determine the reliability, validity, and accuracy of sources
(including Internet sources) by examining their authority and objectivity…
110.31 (b)(23)(C)
… use graphics and illustrations to help explain concepts where appropriate…
110.31 (b)(23)(D)
… use a variety of evaluative tools (e.g., self-made rubrics, peer reviews, teacher and expert evaluations) to examine
the quality of the research…
Occupational Correlation (O*Net - http://www.onetonline.org/)
Financial Manager 11-3031.2
Similar Job Titles: Branch Manager, Banking Center Manager (BCM), Service Center Manager, Collections Vice
President, Consumer Lending Vice President, Consumer Loan Manager, Electronic Services Vice President, Lending
Manager, Loan Servicing Vice President, Loan Systems Director
Tasks:

Establish and maintain relationships with individual or business customers or provide assistance with
problems these customers may encounter.

Examine, evaluate, or process loan applications.

Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments,
such as branch banks, brokerage firms, risk and insurance departments, or credit departments.

Oversee the flow of cash or financial instruments.

Recruit staff members and oversee training programs.

Network within communities to find and attract new business.

Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal
loans.

Prepare financial or regulatory reports required by laws, regulations, or boards of directors.

Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure
safekeeping.

Review collection reports to determine the status of collections and the amounts of outstanding balances.
(Soft) Skills:
Active listening, speaking, writing, critical thinking, judgment and decision making, time management
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Teacher Preparation:
Teacher will review the terms in the outline, presentation slides and handouts to become familiar with lesson.
Teacher should locate and evaluate various resources and websites before the lesson.
Teacher will have assignments and website information ready to distribute to students.
References:
Eggland, S. S., Dlabay, L. R., & Burrow, J. L. (2004). Intro to Business 5th Edition. Mason: ThompsonSouthwestern.
Farese, L. S., Kimbrell, G., & Woloszyk, C. A. (2002). Marketing Essentials 3rd Edition. Woodland Hills:
Glencoe/McGraw Hill.
Ryan, J. S. (2006). Managing Your Personal Finances. Mason: South-Western Cengage Learning.
Instructional Aids:
1. Display for presentation, websites for assignments and class discussion
Materials Needed:
1. Printer paper
2. Assignments and website information ready to distribute to students
3. Copy of instructions and rubric for each student
Equipment Needed:
1. Computer with presentation and Internet access
2. Projector to review presentation and Internet sites
3. Computers for students to conduct research and collect data for projects
Learner Preparation:
Monetary exchange occurs daily to maintain a standard of living and satisfy the needs and wants of society. However,
the legal responsibilities of participating in financial exchange are crucial to the overall health of the economy.
Therefore, understanding and fulfilling the legal responsibilities is imperative in exchange.
Ask students to provide examples of a purchase they recently made or an item they sold to someone. Inquire about
the experience of the exchange and the outcome. Have students share an instance of unethical or illegal financial
exchange they have witnessed or experienced.
Introduction
Introduction (LSI Quadrant I):
SHOW: Show students a picture of a popular or sought after item relevant to their age. (phone, car, food, etc.)
ASK: Ask students what is necessary to acquire these items.
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SAY: Explain how a desire for a product or service requires the ability to provide the monetary means necessary to
purchase it.
ASK: Ask students if the seller should sell the product for a price higher than its value.
SAY: Explain how it is important for the seller and the buyer to identify the value and agree on the monetary
exchange.
Outline
Outline (LSI Quadrant II):
Instructors can use the presentation, slides, handouts, and note pages in conjunction with the following outline.
MI
Outline
I.
Discovery
A. Ask students to provide examples of a
purchase they recently made or an item
they sold to someone
B. Ask students of a time they did not believe
an exchange made was legal or ethical
Notes to Instructor
Share personal experiences of exchange,
both good and bad.
II. Introduction
A. Why is legal financial exchange important
1. Discuss economic impact
2. Review legal factors associated with
exchange
3. Identify personal responsibility of legal
exchange
Use the terms listed to review definitions
and locate websites discussing specific
laws or legal cases related to monetary
exchange.
III. Guided Practice
A. Provide students with an article or
document related to legal exchange
B. Discuss the information as a whole group
to identify new knowledge obtained
Use a site such as
http://www.sec.gov/about/whatwedo.shtml
to locate a related article or document
regarding exchange
IV. Independent Practice
A. Financial Exchange Laws – Complete
assignment in pairs or independently
Use the instructions and rubric to evaluate
student’s performance
V. Extension
A. What are the Terms? – complete
independently to review laws, determine
terms, and practice formal writing
Use the enrichment activity to expand
student learning and evaluation of
information
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VI. Summary
A. Review lesson objectives
B. Check for understanding
Verbal
Linguistic
Logical
Mathematical
Visual
Spatial
Musical
Rhythmic
Bodily
Kinesthetic
Conduct a class discussion to review
information obtained from the lesson and
revisit areas lacking comprehension
Intrapersonal
Interpersonal
Naturalist
Existentialist
Application
Guided Practice (LSI Quadrant III):
Ask students to review the article provided related to legal financial exchange and identify an unknown fact or
element within the text. Discuss the article and the importance of the information presented related to the impact on
the economy and the practice of exchange overall.
Independent Practice (LSI Quadrant III):
This project will be evaluated using the assigned rubric for “Financial Exchange Laws.”
Summary
Review (LSI Quadrants I):
What are considerations you should make when purchasing an item in the future?
Name one of the legal responsibilities a business has when selling a product.
What will you do differently upon making a purchase?
Evaluation
Informal Assessment (LSI Quadrant III):
Instructor should observe the work ethic of individuals involved in class discussions and the independent practice
activity.
Formal Assessment (LSI Quadrant III, IV):
Students will be evaluated on their “Financial Exchange Laws” by using the assigned rubric.
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Extension
Extension/Enrichment (LSI Quadrant IV):
What are the Terms?
Student Directions
You are a consumer interested in making a large purchase of stock or a product. It is your responsibility to identify the
terms of the purchase you are about to make. Research stock or a product of choice to identify the terms of purchase.
Review financial exchange laws to ensure the purchase and terms are legal. Then write a formal letter to the stock or
product seller identifying your purchase choice and the terms necessary to make the exchange. Outline any laws that
must be considered for the purchase. Finally, request an appointment to finalize the purchase.
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Principles of Business, Marketing, and Finance
Lesson 39 Student Directions
Independent Practice (LSI Quadrant III):
Financial Exchange Laws
1. Research current laws related to financial exchange within the stock market or consumer
product/service purchasing.
2. Identify the origination of the law and the key elements affecting businesses and consumers.
3. Create a poster highlighting the legal elements and give suggestions for ensuring a business and
consumer abide by these requirements.
4. Include the following on the poster
a. Name of law
b. Origination date
c. Important elements (listed as bullets)
d. Suggestions for businesses and consumers
e. Graphics to reinforce topic information
5. Share findings with class as a formal presentation and post visual throughout room as a reminder of
these legal responsibilities.
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Independent Practice (LSI Quadrant III)
Financial Exchange Laws
Rubric
20
15
CATEGORY
10
5
Presentation
Well-rehearsed with
smooth delivery that
holds audience
attention.
Rehearsed with fairly
smooth delivery that
holds audience
attention most of the
time.
Delivery not smooth, Delivery not smooth
but able to maintain and audience
interest of the
attention often lost.
audience most of the
time.
Attractiveness
Makes excellent use
of text, color,
graphics, effects,
etc. to enhance the
poster.
Makes good use of
text, color, graphics,
effects, etc. to
enhance the poster.
Makes use of text,
color, graphics,
effects, etc., but
occasionally these
distract from the
poster content.
Use of text, color,
graphics, effects etc.,
but these often
distract from the
poster content.
Content
Covers topic indepth with details
and examples.
Subject knowledge
is excellent.
Includes essential
knowledge about the
topic. Subject
knowledge appears
to be good.
Includes essential
information about
the topic but there
are 1-2 factual
errors.
Content is minimal
OR there are several
factual errors.
Organization
Content is well
organized using
headings or bulleted
lists to group related
material.
Uses headings or
bulleted lists but the
overall organization
of topics appears
flawed.
Content is logically
organized for the
most part.
There was no clear
or logical
organizational
structure; just lots of
facts.
Originality
Poster shows a
large amount of
original thought.
Ideas are creative
and inventive.
Poster shows some
original thought.
Work shows new
ideas and insights.
Uses other people's
ideas (giving them
credit), but there is
little evidence of
original thinking.
Uses other people's
ideas, but does not
give them credit.
Total Points Earned _______
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