Day 25a Quarter 2 – Business Law Assignments
GREAT TO SEE YOU:)
(90 minute block today)
Bell Ringer:
1. What are the following: capacity, consideration, legality, offer, and acceptance?
2. What are the following: express contract, executory contract, executed contract, quasicontract, sales contract, employment contract?
Objective:
1. We will explain the six essential elements of a contract.
2. We will compare types of contracts.
3. We will examine the effects of a contract on a minor.
4. We will explain the effects of a breach of contract.
5. We will analyze the need for a contract.
6. We will describe the purpose of the Statute of Frauds.
7. We will explain the impact of the Uniform Commercial Code on interstate commerce.
Reminder:
FBLA/Interact Form and Dues
FBLA/Interact Officer Meeting:
FBLA/Interact Club Meeting:
CONTRACT TEST NEXT CLASS!
See Mrs. Bullock if you have not completed your Criminal Law and Tort Law Unit Test!
What Makes a Valid Contract?
Residential Lease Example
Real Estate Purchase Agreement Example
LCHS Residential Lease Form
LCHS Real Estate Purchase Agreement
LCHS Consumer Loan Agreement
LCHS Employment Contract
LCHS Option to Purchase
44. Explain the six essential elements of a contract (offer, acceptance, genuine assent, capacity,
consideration, and legality)
Capacity: The law presumes that anyone entering a contract has the legal capacity to do so.
Minors are generally excused from contractual responsibility, as are mentally impaired people and
individuals under the influence of drugs or alcohol.
Consideration: Something of value promised to one party in a contract in exchange for
something else of value promised by the other party. The mutual exchange binds the parties
together.
Legality: Parties are not allowed to enforce contracts that involve illegal acts. Some illegal
contracts involve agreements to commit a crimes or a tort. Others involve activities made illegal
by statutory law.
Offer: A proposal made by one party (the offeror) to another party (the offeree) indicating
willingness to contract.
Acceptance: The agreement of the offeree to be bound by the terms of the offer.
Genuine Agreement: Offer and acceptance go together to create genuine agreement or a meeting
of the minds. Agreement can be destroyed by fraud, misrepresentation, mistake, duress, or
undue influence.
VIEW:
The Offer’s Real
http://www.youtube.com/watch?v=-ZD6AAWnNAI&list=PLCx306ABMYRSAiXg-u3VvHWLvuj-RuPLL
How do you know when an offer is made?
VIEW:
Contract Law: Offer
http://www.youtube.com/watch?v=Gx8H4Ad8j8o
What is the difference between an invitation and an agreement?
45. Compare types of contracts
express contract (written or spoken)
 executory contract (not fully performed)
 executed contract (completed by both parties)
 quasi-contract (some element missing, but enforceable)
 sales contract (sale of property, rent realty, wills, estates, and trusts)
 Employment contract (business organization contract).
VIEW:
Quasi Contract
http://www.youtube.com/watch?v=qY1M7osZSvw
What is a Quasi Contract?
VIEW:
Employment Contract
http://www.youtube.com/watch?v=gY6jxqn6R0s
Are there any rules for employment if you did not sign an employment contract?
VIEW:
Employment Contract Part 2
http://www.youtube.com/watch?v=2MtciqhInTU
What happens when there are restrictive elements in a contract? Can they be enforced?
46. Examine the effects of a contract on a minor.
VIEW:
Minors and Contracts
http://www.youtube.com/watch?v=aS217HYwuZY
What is the effect of a contract on a minor?
What does it mean when a minor disaffirms a contract?
47. Explain the effects of a breach of contract.
VIEW:
Contracts
http://www.youtube.com/watch?v=HPYz2IzIii0&list=PL3FA60E5857A5FB81
What does it mean if someone breaches a contract?
What is a notary?
48. Analyze the need for a contract.
VIEW:
Contracts – Offer and Acceptance
http://www.youtube.com/watch?v=07N2TyHI020
Why do we need contracts?
VIEW:
Mirror Image Rule
http://www.youtube.com/watch?v=j8pgbZV757w&list=PLCx306ABMYRSAiXg-u3VvHWLvuj-RuPLL
What is the purpose of the mirror image rule?
49. Describe the purpose of the Statute of Frauds.
VIEW:
Statute of Frauds Song
http://www.youtube.com/watch?v=tNwAFgdpLJM&list=PLCx306ABMYRSAiXg-u3VvHWLvuj-RuPLL
What is the purpose of the Statute of Frauds?
50. Explain the impact of the Uniform Commercial Code on interstate commerce.
VIEW:
This Form is Your Form (UCC Battle of the Forms)
http://www.youtube.com/watch?v=b6-PRwhU7cg&list=PLCx306ABMYRSAiXg-u3VvHWLvuj-RuPLL
What is the purpose of the UCC on interstate commerce?
Competency:
61 Distinguish between the rights and responsibilities of landlords versus tenants.
Tenant Education – Your Rights and Responsibilities
http://www.youtube.com/watch?v=2viaCQnvFZk
(Be sure to stop between different cases to discuss with students!)
Landlord Checklist for a Student Renter
http://homeguides.sfgate.com/landlord-checklist-student-renter-80009.html
The Eviction Process – Resolving Eviction Cases
http://www.youtube.com/watch?v=uXRLp2OqWB8
REVIEW:
Using your Business Law Textbook
Answer the Apply and Debate questions 11-15 on page 96
SaveAS: Chapter4YourName
Drop a copy in my Inbox
View:
Sharon vs City of Newton Case
Complete:
SharonCaseWKST
Small Group Activity
Pair, Share, and Compare
SaveAS: SharonCaseYourName
Drop a copy in my Inbox
Contract Law Lesson
http://www.youtube.com/watch?v=sh20zQCwE9Y
What questions do you have about contracts?
Exit Ticket:
In a Word Document:
Explain how some contracts can be written and some can be oral.
Small Group: Pair, Compare, and Share.
SaveAS: ETYourNameLDate
Have a Great Day, and I will see you next class!