OBJECTIVE
Students will learn about written, oral, and implied contracts and understand how the Statute of Frauds affects contracts.
PROCEDURE
1. Review the three elements of a contract (offer, acceptance, consideration). Discuss ways that this can be accomplished in both verbal and written contracts.
2. As a class, read Categories of Contracts, having students give examples of implied, oral, and written contracts
KEY QUESTIONS
• If a contract is made both orally and written, which would take precedent? Why? (Written – terms in writing are easier for a court to decipher than determining what arrangements have been made verbally)
3. Assign Categories of Contract review questions
Handout