Business Law: Understanding Contractual Relationships and Responsibilities

Objectives:

• Explain the nature of a contractual relationship.
• Recognize the responsibilities created by a contract.
• Analyze real-life scenarios and apply knowledge of contractual relationships and responsibilities.

Age Level: 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.1 Define the nature of a contractual relationship
• II.1.A.2 Recognize the responsibilities created by a contract

Materials:

• Whiteboard and markers
• Student handouts