### Lesson Plan: Contract in Commerce
**Class:** Senior Secondary 3
**Subject:** Commerce
**Duration:** 90 minutes
**Topic:** Contract
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#### **Objective:**
- Understand the basic definition of a contract.
- Recognize the essential elements of a valid contract.
- Differentiate between different types of contracts.
- Learn about the formation and termination of contracts.
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### **Materials Needed:**
- Whiteboard and markers
- PowerPoint slides
- Handout summarizing key points
- Case study examples
- Quiz papers
- Textbooks
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### **Lesson Structure:**
#### **Introduction (10 minutes):**
1. **Greeting and Roll Call** (2 mins)
- Ensure all students are present and ready.
2. **Icebreaker Question** (3 mins)
- Ask: "Can anyone give me an example of a promise they made recently? Was it formal or informal?"
3. **Overview of the Lesson** (5 mins)
- Briefly outline what will be covered: definition of a contract, essential elements, types, formation, and termination.
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### **Direct Instruction (20 minutes):**
1. **Definition of a Contract** (5 mins)
- Explain that a contract is a legally binding agreement between two or more parties.
- Use PowerPoint slides to highlight key points.
2. **Essential Elements of a Valid Contract** (15 mins)
- Offer: Clear proposal made by one party.
- Acceptance: Unconditional agreement to the terms.
- Consideration: Something of value exchanged between parties.
- Capacity: Parties must have the legal ability to enter a contract.
- Legality: The contract’s purpose must be lawful.
- Use an acronym like "COALC" to help students remember these elements.
- Provide real-world examples for each element.
- Distribute handouts summarizing the essential elements.
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### **Guided Practice (15 minutes):**
1. **Case Study Exercise** (15 mins)
- Divide students into small groups.
- Provide each group with a case study scenario involving a contract.
- Ask each group to identify the essential elements in the scenario and whether the contract is valid.
- Groups present their findings to the class.
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### **Independent Practice (15 minutes):**
1. **Worksheet Activity** (15 mins)
- Distribute a worksheet that includes various scenarios asking students to determine if a valid contract exists based on the elements discussed.
- Walk around, provide feedback, and answer questions while students work.
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### **Class Discussion (10 minutes):**
1. **Debrief Worksheet Answers** (10 mins)
- Review answers to the worksheet as a class.
- Encourage students to explain their reasoning.
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### **Assessment (15 minutes):**
1. **Quiz** (15 mins)
- Administer a short quiz covering the definition, essential elements, and types of contracts.
- Collect quizzes for grading.
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### **Closure (5 minutes):**
1. **Recap of the Lesson** (3 mins)
- Summarize the key points covered in the lesson.
- Address any final questions.
2. **Homework Assignment** (2 mins)
- Ask students to research a famous contract dispute and write a one-page summary explaining the issue and outcome.
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### **Reflection:**
- Note what went well and areas for improvement.
- Gather student feedback on the lesson for future adjustments.
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This lesson plan provides a comprehensive approach to teaching the topic of "Contract" in a Commerce class, ensuring that students grasp the essential concepts through a blend of direct instruction, interactive activities, and assessments.