Coversheet 4 coversheet

PowerPoints (lectures are also on !shared drive) 4_1 Lecture Series and 4_2 Lecture Series

Student workbook pages (SWB) 4 SWB chapter 4

Student Notes 4 notes

Student Resources 4 resource

Chapter Summary Form

Textbook (chapter 4, 5, 6) Textbook unit 2 chapter 4_5_6

Vocabulary:

• Foldable (4.1 & 4.2) 4_1 vocabulary foldable
• Index cards 4 vocabulary cards 4 vocabulary cards
• standard (4.1 & 4.2) 4_1 vocabulary and 4_2 vocabulary

4.1 What you’ll learn:

• Explain the nature and importance of contracts.
• Identify the elements of a valid contract.
• Analyze the different classes of contracts
• Differentiate between express and implied, unilateral and bilateral, and oral and written contracts.

Knowing the elements and characteristics of a contract will help you determine wither an agreement is valid or not.

4.2 What you’ll learn:

• Explain the requirements of a valid offer
• Recognize the requirements of an acceptance.
• Distinguish the differences between an offer, an invitation to negotiate, an acceptance, and a counteroffer.
• Explain how offers are terminated.

You need to know when an offer has been made and accepted for a contract to go into effect.

4.1 Wrap Up:

Complete the Student Workbook (SWB) pages 32-34

Chapter 4 Summary: Section 4.1 Agreements and Contracts page 94

4.2 Wrap Up:

SWB pages 36-40

Chapter 4 Summary: Section 4.02 How a Contract Begins

Chapter 4 Review and Assessment

Key Points Review #2-17 pages 95-97