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| Standard 2: Understands
the nature of contract law, law of sales, and consumer law |
Benchmarks (Grades 9-12)
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Understands legislation
protecting the rights of consumers (e.g., Fair Credit
Reporting Act, Fair Credit Billing Act, Equal Credit
Opportunity Act, Consumer Credit Protection Act, Federal
Trade Commission Act, Consumer Product Safety Act) |
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Knows the characteristics
of different kinds of contracts (e.g., express and
implied, bilateral and unilateral, oral and written) |
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Understands rules
pertaining to the interpretation and enforcement of
contracts |
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Understands how different
countries laws affect contractual transactions |
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