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Laabri

What exactly is a Contract?

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Last updated 4 months ago
12 Nsɛmmisa
Hyɛ no nsow a efi ɔkyerɛwfo no hɔ:

What exactly is a contract? Learn about the 6 elements needed for an aggreement to be considered a contract.

INSTRUCTIONS: Watch your progress in the grey/blue banner above as you proceed through each page of this lesson. Be sure to complete ALL activities on ALL pages. You are not finished until you see the blue SUBMIT button on the last page.

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1.

Before we start, let's find out what you may already know about contracts.

How would you describe a contract, and can you come up with any examples of contracts?

Watch the video then answer questions 2-6.

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6.

Related to your response to #5. Explain why or why not?

Complete the top half of your note sheet.

Notes are on the back of your bankruptcy notes sheet. law 2b.

Read this 2-page document to clarify or fill in any gaps in your understanding.

Click "next" to go to the next page.

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7.

Check all the charcteristics that must be present for a contract to be enforceable. Go back to the reading if you need to.

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8.

Pick one of the 6 elements of a contract and draw the idea without words.

When finished click the blue check box in the upper right.

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9.

Which elelemnt of a contract did you draw in #8 above?

While the 6 elements of a contract are universal, they are not always labeled or always named the same way.

INSTRUCTIONS: Review this infographic then answer the 3 questions to identify certain elements of a contract that use a different name to label it.

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2.

At its most fundamental, what is a contract?

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3.

On a more technical level, what is a contract?

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4.

Check the 3 main ingredients needed for a contract to be legally enforceable?

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5.

If you email a band and offer to pay them to play at your graduation party, have you entered into a contract with the band??

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10.

What step in this process represents COMPETENCE?

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11.

What step in this process represents LEGAL PURPOSE?

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12.

What step in this process represents MUTUAL CONSENT (Genuineness of the agreement?)