Discipline: Social Studies Course/Grade: 9th, 10th, 11th, and 12th.
Date Written: 2012 -2013
Lesson Time: Duration of course
A contract is an agreement between two or more people to exchange something of value. A contract legally binds the parties to uphold their end of the bargain.
Elements of a Contract A legally binding contract must have three elements—an offer, an acceptance, and an exchange of consideration. There must be an offer by one person and an acceptance by another. The offer must be made to a specific person, and that person must accept the offer on the proposing party's terms. To have a valid contract, there must also be an exchange of something of value. This item of value is called consideration. In order to be bound to a contract, the parties forming it must both be competent and aware of the conditions agreed upon.
Student Objectives:
At the conclusion of this Unit, students will be able to:
  • 1. Discuss how the law and values applies to their lives from birth to death.
  • 2. Understand the idea of an unfair contract
  • 3. Understand express and implied warranties and disclaimers
  • 4. Understand the idea of credit and other financial services.
  • 5. Understand about common deceptive sales practices such as telemarketing scams and bait and switch techniques.
  • 6. Understand and discuss consumer awreness and financing purchasing

  • Benchmarks:
  1. Use graphic data to analyze information about a public issue in state or local government.
  2. Evalluate arguments about selected issues from diverse perspectives and frames of reference, noting the strengths, weaknesses and consequences associated with the decision made on each issue.
Substrant 2 Civic Skills: Standard 3 and 4:
Democratic government depends on informed and engaged citizens undersstand their rights, duties and responsibilites. Citizenship and its rights and duties are established by law
X Cognitive
X Knowledge
X Comprehension
X Application
X Evaluation
Content Vocabulary: Contract, breached, consideration, competent, offer, acceptance, cosign, ratified, unconscionable, breach, expectation damages, rescission, restitution, fraud, duty to mitigate, warranty, express warranty, implied warranty, warranty of merchantability, warranty of fitness for a particular purpose, disclaimer, credit, stop payment, creditors, debtors, finance charge, interest, unsecured credit, secured credit, default, annual percentage rate, variable interest rates, loan sharking, balloon payments, bill consolidation, acceleration clause, bankruptcy, repossess, default judgment, garnishment, attachment, telemarketing, substantiated, corrective advertising, puffing, escroww, lien, criminal fraud, down payment, mortgage, fixed-rate mortgages, adjustable-rate mortgages, foreclosure, landlord, clauses, lease application, month-to-month lease, tenancy at will, rent control, eviction, waiver of tort liability, waive, sublease clause, right to quiet enjoyment,
Strategies: (Initial, Modifying, Extending, Interdisciplinary)
Studets will look at the Example Problems given in each unit and develop a systematic legal vocabulary by the end of the course.
Assessment/ Resources:
  1. Chapter and Unit Test
  2. Student Self-Assessment Quizzes.
  3. Cases and Resources: U.S. Department of Justice, National Crime Prevention Council, and Sleepy Eye Crime statistics.
  4. http://corporate.findlaw.com/business-operations/contracts-law.html
  5. www.fafsa.ed.gov
  6. www.ed.gove/finaid
  7. www.annualcreditreportcom
  8. www.donotcall.gov
  9. www.naag.org
  10. www.ftc.gov
  11. www.fda.gov
  12. www.cpsc.gov
  13. www.usps.com
  14. www.fcc.gov/cgb/complaints.html
  15. www.nhtsa.dot.gov/hotline
  16. www.transit-safety.volpe.dot.gov
  17. http://safetydata.fra.dot.gov/officeofsafety.
  18. www.faa.gov