Business Law: Contract Law Basics--Elements and Rehabilitation Principle

Objectives:

• Identify and describe the elements required to create a contract.
• Understand the rehabilitation principle in contract law.

Age Level: Early/late secondary school

National Standards: Complies with NBEA Business Law 2023 Standard II.1.A Analyze the relationships between contract law, law of sales, and consumer law:

II.1.A.3 List the elements required to create a contract

II.1.A.4 Explain the rehabilitation principle in contract law

Materials:

• Whiteboard or chalkboard
• Markers or chalk
• Pen or pencil
• Student handouts