Bell ringer
Sponsored Links
This presentation is the property of its rightful owner.
1 / 28

Bell Ringer PowerPoint PPT Presentation


  • 108 Views
  • Uploaded on
  • Presentation posted in: General

Bell Ringer . WHAT DO YOU THINK MAKES A CONTRACT DIFFERENT FROM AN AGREEMENT?. “Leonard v. Pepsi” . http://www.youtube.com/watch?v=ZdackF2H7Qc. http://www.youtube.com/watch?v=VnChrJuX7xg. Business Law. CONTRACT LAW BUSINESS AND PERSONAL LAW Mr. Khatcheressian 12/03/2013. Objectives.

Download Presentation

Bell Ringer

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Bell Ringer

  • WHAT DO YOU THINK MAKES A CONTRACT DIFFERENT FROM AN AGREEMENT?


“Leonard v. Pepsi”

  • http://www.youtube.com/watch?v=ZdackF2H7Qc


http://www.youtube.com/watch?v=VnChrJuX7xg

Business Law

CONTRACT LAW

BUSINESS AND PERSONAL LAW

Mr. Khatcheressian 12/03/2013


Objectives

  • Students will define “contract” in regards to the legal system

  • Elements of Contract

  • How Contracts come to an end.


Agenda

  • Bell Ringer

  • Objectives

  • Key Terms / Chapter Survey

  • 6 Elements of a Contract

  • Characteristics of a Contract

  • Case Study (pair up)

  • Closure


FILL IN THE BLANK

WHEN I ACCESS A MUSIC DOWNLOAD SERVICE ON THE INTERNET, I HAVE TO READ A DOCUMENT CALLED A ______________AND CHECK A BOX THAT SAYS THAT I ________________THE TERMS OF THE AGREEMENT.


FILL IN THE BLANK

WHEN I ACCESS A MUSIC DOWNLOAD SERVICE ON THE INTERNET, I HAVE TO READ A DOCUMENT CALLED A CONTRACTAND CHECK A BOX THAT SAYS THAT I ACCEPT THE TERMS OF THE AGREEMENT.


KEY TERMS

  • CONTRACT

  • OFFER

  • ACCEPTANCE

  • GENUINE AGREEMENT

  • EXPRESS CONTRACT

  • IMPLIED CONTRACT

  • BILATERIAL CONTRACT

  • UNILATERIAL CONTRACT


Six elements of a contract

  • An agreement is not a contract unless it contains the six elements of a contract:

    • Consideration

    • Capacity

    • Legality

    • Offer

    • Acceptance

    • Genuine Agreement


CONSIDERATION

  • THE THING OF VALUE PROMISED TO ONE PARTY IN A CONTRACT IN EXCHANGE FOR SOMETHING ELSE OF VALUE PROMISED BY THE OTHER PARTY.


CAPACITY

  • THE LAW PERSUMES THAT ANYONE ENTERING A CONTRACT HAS THE LEGAL CAPACITY TO DO SO.

    • Example-Getting Married

    • MINORS ARE GENERALLY EXCUSED FROM CONTRACTUALY RESPONSIBILITY AS WELL AS MENTALLY IMPAIRED PEOPLE AND INDIVIDUALS UNDER THE INFLUENCE.


LEGALITY

  • PARTIES ARE NOT ALLOWED TO ENFORCE CONTRACTS THAT INVOLVE ILLEGAL ACTS. SOME ILLEGAL CONTRACTS INVOLVE AGREEMENTS TO COMMIT A CRIME OR A TORT (A private wrong committed by one person against another)..


OFFER

  • A proposal by one party to another intended to create a legally binding agreement

    • EXAMPLE- A CAR DEALER OFFERS YOU A PRICE ON A CAR.


Random Fact of the Day

  • Chuck Norris counted to infinity twice.


ACCEPTANCE

  • The second party's unqualified willingness to go along with the first party's proposal


Genuine Agreement

  • An agreement that is true and genuine: a valid offer is met by a valid acceptance


bilateral contract

  • A bilateral contract is an agreement in which each of the parties to the contract makes a promise or set of promises to the other party or parties.

  • For example, in a contract for the sale of a home, the buyer promises to pay the seller $200,000 in exchange for the seller's promise to deliver title to the property.


unilateral contract

  • In a unilateral contract, only one party to the contract makes a promise.

  • A typical example is the reward contract: A promises to pay a reward to B if B finds A's dog. B is not under an obligation to find A's dog, but A is under an obligation to pay the reward to B if B does find the dog.


CHARACTERISTICS OF A CONTRACT

  • EXPRESS- oral or written

  • IMPLIED- no single word is exchanged (comes from the actions of the parties involved).

    • Example-paying cash in advance to pump gas.


Agenda

  • Hey, We’re having a Quiz??

  • Quiz on Contracts!

  • 10 Things to Know Today!

  • Case Study (pair up)

  • Review Assignment

  • Contest!!!

  • Closure


10 Things To Know Today!

  • Nelson Mandela dies at age 95:

    • South Africa mourns the death of Nelson Mandela

  • Tributes pour in from around the world:

    • Leaders, celebrities and ordinary people applaud Mandela's epic struggle against apartheid and his nurturing of a new, democratic country.

  • What Economists are looking at today:

    • The November jobs report will provide a strong signal whether the U.S. economy can maintain its momentum.


10 Things to know (continued)

  • Obamacare:

    • The fixed Web portal now has much less time to sign up the White House's goal of 7 million people by the end of March.

  • Texas prepares of “Ice Day”:

    • A massive storm moves to the center of the U.S., disrupting travel and forcing school closures.

  • STUDENTS FONDLY REMEMBER AMERICAN TEACHER KILLED IN BENGHAZI

    • The 33-year-old Michigan native was gunned down in Libya days before his Christmas vacation was to begin


10 things to know (Cont)

  • NYPD'S INCOMING CHIEF FACES FRESH DILEMMAS

    • Post-9/11 counterterrorism and the controversial stop-and-frisk policy are new challenges to William Bratton, who led the city's police force two decades ago

  • . WHY CARGO BIKES ARE THE NEW MINIVAN

    • Cyclists are pushing the limits of what they can carry on a sturdy bicycle, from hauling groceries to delivering beer.


10 Things to know

  • HOW MANDELA USED RUGBY TO URGE UNITY IN HIS HOMELAND

    • The anti-apartheid hero wore the jersey of a team that was once all-white to call for national reconciliation.

  • NO CHARGES AGAINST SEMINOLES QUARTERBACK

    • There's not enough evidence to prosecute Jameis Winston, a leading Heisman candidate, in a sexual assault case, the Florida State Attorney says.


Fun fact of the Day

  • The researchers found that people with a high caffeine intake, whether it came from coffee, tea, chocolate or caffeinated energy drinks or pills, had a three-times-higher tendency to hear voices and see things that were not there than those who consumed the equivalent of a half-cup of brewed coffee (or one cup of instant coffee).


On Your Own and in your own words-Be Prepared to turn In and SHARE.

  • Find a related contract law case via the internet and break it down as follows:

    • FACTS-Who are the parties to the lawsuit, what is their dispute

    • ISSUE-What is the basic legal question regarding what specific provision of law that is to be decided in the case?

    • HOLDING- What is the majority’s basic answer to the basic legal question in the case

    • RULE-What rule of law is announced in the case?


Exit Ticket

  • Today we learned that a contract is an agreement forcible by law. Anything that is illegal, cannot constitute a legally binding contract such as a contract to sell drugs, steal, or commit murder.

  • For your exit ticket , please make a list of 5 things that you think require written contracts.

    Number one has been given to you as an example.

  • 1. sales contract for the buying or selling of a good or service


  • Login