Browse through topics for Senior Secondary 3 1st, 2nd and 3rd Terms, All Weeks, All Subjects
Term: 1st Term
Class: Senior Secondary School 3
Age: 17 years
Duration: 40 minutes of 2 periods each
Topic:- Contract I
SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to
INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source
INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures
The teacher reviews the previous lesson on business law
Students pay attention
She explains the meaning of contract
She states the parties to a contract
Students pay attention and participates
She further discusses the classification of the law of contract
She discusses the essential elements of a valid contract
Students pay attention and participate
The teacher writes a summarized note on the board
The students copy the note in their books
LAW OF CONTRACT
Contract simple means an agreement between parties, creating mutual obligations that are enforceable by law
PARTIES TO A CONTRACT
ESSENTIAL ELEMENTS OF A VALID CONTRACT
It is a promise by one party to enter into a bargain contingent on the
performance of another party.
Acceptance is the agreement to the specific conditions of an offer.
Consideration is what each party to the contract gives up, or promises to
do, to form the contract. It can be something of value, such as money,
goods, services, or property.
To be legally binding, a contract must show an intention to create legal
relations. This can be shown by the use of formal language, such as “I
agree to…” or “This contract is binding on the parties”.
Contract law judges the circumstances for a party to contract. Each party to
the contract must have the legal capacity to enter into the mutual assent.
This indicates that they must be of legal age and have the mental capacity
to understand the terms of the contract.
To be enforceable, a contract must include certain terms, and the ability to
fulfill the essential terms of an agreement must be guaranteed. These
terms must be clear and unambiguous.
CLASSIFICATION OF CONTRACTS
(i) valid contract
(ii) void contract
(iii) voidable contract
(iv) unenforceable contract
(V) illegal contract.
(i) Unilateral contract
(ii) Bilateral contract
(iii) Executed contract
(iv) Executory contract.
(i) Express Contract
(ii) Tacit contract
(iii) Quasi or implied contract.
EVALUATION: 1. Define contract
CLASSWORK: As in evaluation
CONCLUSION: The teacher commends the students positively