| Contract Law Worksheet | ||
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Business Law | ![]() |
| Mr. Belolan |
Through your life you will have to sign various contracts. Some of them will be very important and others trivial. This worksheet will introduce you to the various parts of a contract. What is needed to make the contract binding and when the contract should be in writing. You will be able to build upon this worksheet with future class material. Most importantly you will be able to apply this worksheet to your own life outside the classroom.
Directions: Open a blank word document. Place your name class period, and contact law worksheet in a header. (go to view, header/footer) Key each number and retype the question before your answer. Please answer each question in a complete sentence. Save this document to your directory and title it "Contract Law Worksheet." Remember to save often. You will need to explore the underlined hyperlinks to find the answers to the questions. When you have finished answering the questions print out your answers and hand them in. You can work in teams of two. One paper is required for each team. You will have one period to complete this assignment.
Below the questions is a rubric outlining how you will be graded.
Questions:
1. In your own words what is a contract?
2. What are the three key elements of a binding contract?
3. Using the hyperlink from question number two please
define each of the key elements for a binding contract.
4. What are the age requirements for a person to be competent?
5. When can a person be under the age of majority?
6. Does a contract always have to be in writing?
7. What are the “Statute of Frauds” and what is it’s purpose?
8. The website used above lists seven examples of when contracts must be in writing please provide at least three.
9. From reading the articles on the various website's visited through out this worksheet please tell me what you feel is the most valuable part of a contract and why.
Evaluation
Rubric
|
Criteria |
Acceptable |
Needs
Improvement |
|
Format |
Student has included the number and question before each answer. Student has keyed their name, class period and worksheet in a header. (4) |
The student has not included the number and question before each answer. The student has not included their name, class period, or worksheet in header. (1,0) |
|
English Mechanics |
No grammatical, spelling or punctuation errors. (4) |
2 or more errors. (0) |
|
Answers |
Answers were in full sentences and were based on the websites provided. (10) |
Answers
were not in full sentences and the answers did not come
form the websites provided. (
|
|
Guidelines |
The student followed all directions and completed the worksheet. (2) |
The student did not follow all directions and complete the worksheet. (0) |
Name________________________________ Total Points_____/20 Possible Points
**Adopted from Mary Smith, collegue.
http://cob.bloomu.edu/jolivo/Contract%20Law.htm