CONSUMER LAW

Previously…

Elements of a ContractThe Need for ContractsBreaching a ContractNegotiating an AgreementWriting a Contract

Today’s Objectives

Distinguish between the rights & responsibilities of landlords versus tenants.

Distinguish between real and personal property.

Identify the purpose of copyright and patent laws.

Evaluate the functions of different types of insurance.

Landlords & Tenants

Landlord-Tenant Relationship

If you rent ______ _______, such as an apartment or a house, you are a ___________.

If you own _______ ________ and rent it to someone else, you are a ________.

TENANT LANDLORD

A ________ is the contract between a tenant and a landlord. In a lease, the _______ is the tenant and the ________

is the landlord.

The Lease

Written agreement (contract) between ______ and _____

Creates _______-_______ relationship

Welcome to the courtroom, Honorable Judge (YOU) presiding!

Landlord vs. Tenant

Landlord-Tenant Disputes

Judges and Jury can decide: In favor of the Landlord In favor of the Tenant Can decide to make both parties

responsible to take some action

To avoid potential problems

Know your _____ and __________

The Tenant

Peaceful ___________

Continued __________

Payment of _______

Abide by _____ of the ______

Avoid _______

RIGHTS RESPONSIBILITIES

The Landlord

Receive ________ of _____

Possession of the property in ______ condition at the ______ end

Refrain from ____________

Maintain the __________

__________ Possession

RIGHTS RESPONSIBILITIES

Other Terms in a Lease

________ DepositAssignment & ________Option to ________

Eviction

Can happen if you _______ your

______!

Real vs. Personal Property

Real Property

The _________ and everything ________ attached to it

Includes ________, fences, _______, soil, rocks, _______, etc.

Personal Property

Everything other than ______

________ that can be owned Includes

________ objects and __________ property

Laws are

different

for real

vs.

personal

property!

ACTIVITY

Would you sign this lease?

Intellectual Property

Intellectual Property

An _______ work fixed in a _______ medium of expression

Examples include: __________ Works of art _________ Logos

Patents

A grant giving an inventor the ________ right to make, use, or sell an _______ for a certain period of time (usually __ years)

Device must be _____ and consist of a ___ principle or idea

Copyrights

A right granted to an _____, composer, _____________, or artist to ________ publish and ____ an artistic or literary work

Protected for the _______ of the ______ plus ____ years

Includes _____ items, computer ________, graphic arts, architectural _____, motion pictures, and _________ recordings

Trademarks

A _________ mark, _________, or slogan used by a business to ______ and distinguish its _____ from products sold by others

May consist of a _______, name, ______, or other device

Exclusive right to use the particular _____, name, or ________ for ____ years and may be renewed

Indicated by the ® ___________.

Insurance is an agreement in which one party (________) compensates another party (__________) for any ________.

Purpose – ______ individuals and businesses against __________ by spreading the _____ of ______ among a large number of people

Types of Insurance

Insurance Basics

_______________– written contract between the buyer of insurance (insured / policy holder) and the insurance company (insurer)

____________ – amount of money the policyholder pays for insurance coverage; usually a monthly fee

____________ – payments by the insurer for losses covered in a policy

_____________ – person named to receive the proceeds

Property Insurance

Covers ________ or __________ of property

Types of insurance include: ______ ________ _______ ____________

Automobile Insurance

Drivers are legally required to carry ________ insurance

_________ insurance covers claims for ________ or injuries made against a __________.

Homeowner’s / Renter’s

Protects against _____ of both _______ and _________ property

Includes _____, ______, ________, ________, and injuries __________ by others while on the property

Usually does _____ include _________ damage

Life Insurance

Provides __________ for losses due to a person’s _______

Cost of _______ is based on ______

Health Insurance

Basic health insurance provides for _______ & outpatient _______ care, _________ care, ______, and prescription drugs

Most people receive ________ insurance from their __________

Government Health Care

_________ is a federally funded health insurance program for people who are covered by ______________.

_________ is a health care plan for ___-__________ people.

Disability Insurance

Pays benefits if the policyholder cannot ______ because of a ____________

Many employers provide basic __________ insurance

_____-term and _____-term plans available

Medical Directive

A Medical ________ is a set of written ________ that specify what actions should be taken for a person’s health if they are no ________ able to make ________ due to _______ or ____________.

Rights & Responsibilities of Landlords and Tenants

Real vs. Personal Property

Purpose of Copyright and Patent Laws

Types of Insurance

Summary